23kevmon 23kevmon

20-05-2021
Business

contestada

Find the simple interest paid.
9. Principal: $350
Annual rate: 4%
Time: 3 years
Interest

Respuesta :

jojocookie092 jojocookie092

22-05-2021

Answer:

$392

Explanation:

Using the simple interest formula....

A=P(1+rt)

A=350(1+(0.04)(3))

A=350(1+(0.12)

A=350(1.12)

A=350x1.12

A=392

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