Question

ANSWER ASAP PLEASE!!!!

28. Mr. Williams' bank calculates interest on a daily basis. Complete the following interest calculations.

Answer 1

D. 413.32

Explanation:

The formula for interest is I = PRT, OR Interest = (Principle)(Rate)(Time). The question gives us the equation.

Plugging the given values into the equation, we get...

I = 3000 × 0.09 × 18/365

I ≈ $13.32