Question

You deposit 2600 at an annual interest rate of 3.2% for 4 years.how much simple intrest will you earn?What is the balance of your account after 4 years

Answer 1

Answer:332.8

Explanation:

I=PRT

P=2600

R=0.032

T=4

MULTIPLY ALL THAT UP AND YOU GET 332.8

Answer 2

Interest earned
I=prt
I=2,600×0.032×4
I=332.8
Balance
332.8+2,600
=2,932.8

Hope it helps