Account earns 8.5% interest. If you invest $6,609 now how much interest will you earn in 5years

asked May 20, 2023 103k views

17 votes

by Fumi

3.3k points

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4 votes

Answer:

simple interest is $281(nearest whole number)

Explanation:

S. I=PXTXR

100

P=$6609

T=5

R=8.5 or 85/10

S. I=6609X5X85

100X10

=280.8825

=281

Astasiak answered May 26, 2023

3.8k points

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