Find the simple interest paid to the nearest cent for each principal, interest rate, and time. $570,2%, 4 years.

Question

Mathematics

Guillermo Freeman

11 October, 09:35

Find the simple interest paid to the nearest cent for each principal, interest rate, and time. $570,2%, 4 years.

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Matthew Burnett · Answer 1

The answer is 45.6. You multiply the beginning amount to the interest rate to understand how much interest you get. Then multiply that by the amount of years the interest is gathered. 570 *.02 = 11.4 * 4 = $45.6 interest. Add this to 570 for the original amount of 615.6.