burnworthbritta burnworthbritta

20-11-2017
Mathematics

contestada

Caleb invested $8700 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?

A. $193 B. $1827 C. $1675 D. $441

Respuesta :

mathstudent55 mathstudent55

20-11-2017

Simple interest formula
i = prt
where i = interest earned, p = principal amount (of money invested), r = annual interest rate, t = time in years

i = prt

i = 8700 * 0.03 * 7

i = 1827

Answer: B. $1827

Answer Link

anabelencobos anabelencobos

12-01-2020

Answer:

letter b

Step-by-step explanation:

Answer Link

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