A local bank offers an investment option with a simple interest rate of 3.60% per annum. If you invest $3200.00, how much interest will you earn in 7 years?
1 answer
I = PRT
I = 3200 * 0.036 * 7
I = ?
Similar Questions
How to calculate this?4 year term investment. The investment offers a rate of 2.25% per annum, compounded semi-annually. Another