arosenbery arosenbery
  • 18-11-2016
  • Mathematics
contestada

Richard deposited $5500 for 6 years on 2.40% interest rate in his savings account. How much simple interest will he earn?

Respuesta :

ericosouki
ericosouki ericosouki
  • 23-11-2016
Hello,

Shall we begin?

prinicipal= 5.500
time= 6 years
tax= 2.4% per year
j= interest=?

j = cit
j = 5.500 * 0,024 * 6
j = 792

Answers: interest 792.00
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