Question 12 Use simple interest to find the ending balance. $1,550 at 10% for 5 years а

Tarun Chaudhary asked Apr 1, 2022

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28 votes

Question 12

Use simple interest to find the ending balance.
$1,550 at 10% for 5 years
а

Tarun Chaudhary asked Apr 1, 2022

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11 votes

Answer:

S = P + I = P × (1 + r × t)

= 1550 × (1 + 10% × 5)

= 2325

Simon Marlow answered Apr 7, 2022

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