Answer to Question #178870 in Financial Math for David

Question #178870

Aijia invests $2641 in a simple interest account. The annual interest rate is 3.6%.

How much interest will she have earned at the end of 5 years?

Expert's answer

"I=\\frac{PRT}{100}=\\frac{2641\\times 3.6\\times 5}{100}=\\$475.38"

Learn more about our help with Assignments: Math

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…