Register
Find the total interest earned on $340 at a yearly rate of 12% over 1 year.
149k views
2 votes
Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

User Umbreen
by
7.7k points

1 Answer

5 votes
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
by
7.7k points
← Prev Question Next Question →

No related questions found

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

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!