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richard deposiyted 5,500 for 6 years on 2.40% interest rate in his saving account. How much simple interest will he earn
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richard deposiyted 5,500 for 6 years on 2.40% interest rate in his saving account. How much simple interest will he earn

User Rhynden
by
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1 Answer

6 votes
Simple Interest

P=5500
R=2.40
T=6

S.I=P.R.T/100
S.I=5500*6*2.40/100
S.I=79200/100
Answer S.I=792

So the answer 792$ will he earn

If you have any problem then feel free to contact me thanks


User Sparecycle
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8.0k points
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