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winwinphyo
14.10.2020 •
Mathematics
Ms. Caswell deposits $450 into an account earning 8% simple interest per year. How much simple interest is earned after 4 years?
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Ответ:
$144
Step-by-step explanation:
Use the simple interest formula, I = prt, where I is the interest money created, p is the starting amount, r is the interest rate as a decimal, and t is the amount of time.
Plug in the original amount, interest amount, and amount of time:
I = prt
I = 450(0.08)(4)
I = 144
So, $144 in simple interest is made in 4 years
Ответ:
not really. it's 0.21 away. I would say no