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6 March, 11:21

You can calculate the intrest on a savings account by using the formula:intrest=principalxratextime if mary deposites $275 in princpal at an intrest rate of 3.2 percent, how much intrest will she earn in one year

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  1. 6 March, 13:49
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    I=prt

    I=275*0.032*1

    I=8.8
  2. 6 March, 15:02
    0
    Total = principal * (1 + rate) ^time

    Total = 275 * (1.032) ^1

    Total = 283.80

    Interest = 283.80 - 275 = 8.80
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