Question

I = prt Time = 3 years Interest Rate = 5% Principal = $7,430 Use the information to answer the question. How much interest is paid? $111.45 $1,114.50 $11,145 $111,450​

Answer 1

I = prt

p = 7430

r = 5%....turn to decimal = 0.05

t = 3

I = (7430)(0.05)(3)

I = 1114.50 <===

Explanation:

Answer 2

Answer:I = prt

p = 7430

r = 5%....turn to decimal = 0.05

t = 3

I = (7430)(0.05)(3)

I = 1114.50 <===

Explanation: