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cyndy50
06.04.2021 •
Mathematics
Help Please - Overdue - Volume -
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Ответ:
Ответ:
Step-by-step explanation:
interest at the end of 3 months is $4.08
Step-by-step explanation:
The formula for simple interest is expressed as
I = PRT/100
Where
P represents the principal
R represents interest rate
T represents time in years
I = interest after t years
From the information given
T = 3 months = 3/12 = 0.25 years
P = $544
R = 3%
Therefore
I = (544 × 3 × 0.25)/100
I = 408/100
I = 4.08