Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

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asked Feb 8, 2018 149k views

1 Answer

TheZuck · Answer 1 · 2018-02-12T21:42:37+0000

Hey fam. Remember that interest is equal to the principal (340) times the rate (1.12%) time the amount of time in years (1).
I = 340(1.12)(1)
I = 380.8(1)
I = 380.8

Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

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