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A deposit of $4,000 at 6.5% for 270 days

A deposit of $4,000 at 6.5% for 270 days
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1 vote
A deposit of $4,000 at 6.5% for 270 days

User Annmarie
by
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1 Answer

5 votes
Interest earned=principle × interest rate× time
I=prt
I ?
P 4000
R 0.065
T 270/360

I=4,000×0.065×(270÷360)
I=195
User Tom Squires
by
7.6k points
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