How much simple interest does $3000 earn in 3 months at 7.85% interest? balance?

Question

asked Mar 13, 2021 75.4k views

1 Answer

Furykid · Answer 1 · 2021-03-16T23:17:59+0000

Answer:

It will earn 0.55 x 4000 = ? annually.

? x 2.5 years = total interest earned.

4000 + interest earned = balance at maturity.

Explanation: