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Use the simple interest formula to find out how much interest Graham earns after 5 years. if he leaves his $1,320 in the account with (3.2% interest.

Use the simple interest formula to find out how much interest Graham earns after 5 years. if he leaves his $1,320 in the account with (3.2% interest.
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1 vote
Use the simple interest formula to find out how much interest Graham earns after 5 years. if he

leaves his $1,320 in the account with (3.2% interest.

User Nilsi
by
7.5k points

1 Answer

5 votes

Answer:

Explanation:


I=Prt P=principal, r =interest rate, t=time


I=1,320 ×
(3.2)/(100) ×
5


= 211.20

He will earn $211.20 interest.

User TadejP
by
7.6k points
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