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What's the intrest of something with a principle 1000 dollars .rate of 8.5 percent and 3 years time

What's the intrest of something with a principle 1000 dollars .rate of 8.5 percent and 3 years time
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15 votes
What's the intrest of something with a principle 1000 dollars .rate of 8.5 percent and 3 years time

asked
User DontPanic
by
8.2k points

1 Answer

5 votes

Answer:

1000×1.085power of 3

=1277.289125-1000

=interest is $277.29

answered
User Bhav
by
8.0k points
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