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Find the interest due on $5,000 at 11% for 3 years.
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Apr 18, 2018
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Find the interest due on $5,000 at 11% for 3 years.
Mathematics
high-school
Dan Horvat
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For simple interest the answer would be $6650 but for compound interest it would be $6838.16 I hope this helped ^^ (It is $1650 extra for simple interest and $1838.16 for compound)
Rawling
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Apr 19, 2018
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Rawling
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I=prt
I=5,000×0.11×3
I=1,650
Ashkanxy
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Apr 24, 2018
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Ashkanxy
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