Question

Find the simple interest. Round your answer to the nearest cent.

Principal = $900
Rate = 4%
Time in years = 3

Answer 1

George, Tiffany, or Janet -- or whatever your name is -- how do you think this problem should be solved? We'll be glad to check your answer.

Answer 2

Simple interest investment made for a period of 4years to R7800 with an initial investment of R4000 for this investment