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HELP! Find the total amount after 5 years on an investment of $545 at 2 3/8% simple interest..
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HELP!
Find the total amount after 5 years on an investment of $545 at 2 3/8% simple interest..

User Darryl Morley
by
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1 Answer

3 votes
I = prt
I = 545* .02375 * 5
I = 64.72
Add interest to principle
$545+ 64.72= 606.72
User Anurag Sundaram
by
7.0k points
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