FIND THE ENDING BALANCE : $9900 for 24 months at 7.8% annual simple interest

asked Feb 10, 2020 79.0k views

0 votes

FIND THE ENDING BALANCE :
$9900 for 24 months at 7.8% annual simple interest

5.2k points

Please log in or register to add a comment.

4 votes

Answer:

14444.4

Explanation:

Annual = 12 months

24 / 12 = 2

7.8 * 2 = 15.6

9900 * 1.156 (The number plus 15.6% of itself ) = 14444.4

Martijn Arts answered Feb 16, 2020

5.8k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.8m answers