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

asked Feb 10, 2020 79.0k views

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

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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

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