Asked by Anonymous

Suppose you deposit $350 in a bank account that pays 6% annual simple interest. Find the interest earned in 4 months and in 1 year.

10 years ago

Answered by Ms. Sue

I = Prt

I = 350 * 0.06 * 0.3333333

I = $7.00

I = 350 * 0.06

I = ?

10 years ago

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