Question

$5200 at 7.36% for 54 months

a. Find the interest earned.

$

b. Find the balance of the account.

$

Answer 1

a. $1722.24 b. $6922.24

Explanation:

for a: 5200*0.0736*54/12= 1722.24

for b: 1722.24+5200= 6922.24

Answer 2

Explanation:

A)5200*54/12*7.36/100=5440.44

b)5200+5440.4410,640.44