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$970 at 4 1/4% simple interest for 2 years

$970 at 4 1/4% simple interest for 2 years
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$970 at 4 1/4% simple interest for 2 years

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User SystemParadox
by
7.8k points

1 Answer

7 votes
For simple interest
i=prn
where i= interest p=amount invested, r=rate n=time period
i= 970*4 and 1/4 * 2
i= $8245
answered
User ZomoXYZ
by
8.7k points
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