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10 December, 15:32

Eveuinup: 08%

Use simple interest to find the ending balance.

17) $26,000 at 3% for 2 years

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Answers (1)
  1. 10 December, 18:01
    0
    Answer: $27,560

    Step-by-step explanation:

    Formular for simple interest = PRT

    P = 26,000

    R=3% = 3/100 = 0.03

    T = 2

    26,000 x 0.03 * 2

    = 1,560

    Ending balance will be 26,000 + 1,560

    = $27,560
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