Compute the amount of interest earned in the following simple interest problem. A deposit of 4,500 at 5% for 3 years

asked Apr 10, 2019 197k views

4 votes

8.3k points

Please log in or register to add a comment.

3 votes

4,500 x .05 = 4275
4,275 x .05 = 4061.25
4,061.25 x .05 = 3858.1875
answer is 3,858.18

Wasi answered Apr 16, 2019

by Wasi

7.8k points

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

9.4m questions

12.2m answers