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Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

Find the total interest earned on $340 at a yearly rate of 12% over 1 year.
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Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

User Umbreen
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1 Answer

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Hey fam. Remember that interest is equal to the principal (340) times the rate (1.12%) time the amount of time in years (1).
I = 340(1.12)(1)
I = 380.8(1)
I = 380.8
User TheZuck
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