Use simple interest to find the interest and ending balance 1. $750 at 4% for 8 years INTEREST: ENDING BALANCE:

Question

asked Jul 22, 2020 27.6k views

1 Answer

Darkhydro · Answer 1 · 2020-07-27T22:38:03+0000

Answer:

Interest = $240

Ending Balance = $990

Explanation:

Applying I = prt/100

= (750*4*8)/100

= 240

Therefore Interest = $240

Adding Interest to Principal

= $240 + $750 = $990

=