Asked by Anonymous

Carlos deposited $8,000 at 4.5% simple interest. How much will be in the account at the end of 30 months
I = p * r * t
8,000(.045)(2.5)
I = $900
Is this correct?

Answers

Answered by Ms. Sue
The interest is 900.

How much is in the account after 2.5 years?

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