Asked by Synthia
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?
Answers
Answered by
Ms. Sue
I = PRT
I = 3200 * 0.036 * 7
I = ?
I = 3200 * 0.036 * 7
I = ?
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