bfrantz75 bfrantz75

24-03-2020
Mathematics

contestada

Jane received $875 from
her graduation party. She
put the money in a bank with
a 4% simple interest rate.
How much interest will she
have earned after 7 years?

Respuesta :

Onoriodefelix Onoriodefelix

24-03-2020

Answer:

$245

Step-by-step explanation:

Interest = PRT/100

Given

Principal P = $875

Rate R = 4%

Time T = 7 yrs

Therefore

Interest = $875 x 4 x 7 /100

Multiply through

= 24500/100

= 245

= $245

Jane would have earned $245 interest

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