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Question 12 Use simple interest to find the ending balance. $1,550 at 10% for 5 years а

Question 12 Use simple interest to find the ending balance. $1,550 at 10% for 5 years а
asked 112k views
5 votes
Question 12

Use simple interest to find the ending balance.
$1,550 at 10% for 5 years
а

asked
User Garik
by
8.0k points

1 Answer

1 vote

Answer:

S = P + I = P × (1 + r × t)

= 1550 × (1 + 10% × 5)

= 2325

answered
User Hashier
by
7.8k points
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