Question

$925 at 2.3% for 2.4 years what is the interest earned

Answer 1

51.06

Explanation:

So

P=$925

R=2.3%

T=2.4

So to get the answer we would need to multiply all of these together so first we would do 925 times 2.3% which would be 21.275. Then we would do 21.275 times 2.4 then we would get the answer of 51.06.