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If the principal is $6,321 and the rate of interest is 4.5%, what is the amount of interest after five year?
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If the principal is $6,321 and the rate of interest is 4.5%, what is the amount of interest after five year?

If the principal is $6,321 and the rate of interest is 4.5%, what is the amount of-example-1
User Pratik Pitale
by
5.5k points

1 Answer

3 votes

Answer:

$6889.89

Explanation:

6321/100=63.21

63.21x4.5=284.445

284.445x5=568.89

568.89+6321=$6889.89

User Gabriel Sereno
by
5.3k points
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