Ask Question
21 March, 14:44

How much simple interest is earned on $4,558.35 at an interest rate of 3.2% in 9 years?

+3
Answers (2)
  1. 21 March, 15:28
    0
    =$ 1,312.80

    Step-by-step explanation:

    Simple interest is given by the formula PRT/100

    Where P is the principal amount, R is the interest rate and T is the interest period in years.

    = ($ 4,558.35 * 3.2 * 9) / 100

    =$ 1,312.80
  2. 21 March, 18:37
    0
    1,312.80 would be your answer. The formula used to solve this would be I=PRT where p represents your starting amount deposited and r is your rate of interest and t is your time in years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How much simple interest is earned on $4,558.35 at an interest rate of 3.2% in 9 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers