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HEAAAAAAAAAAAAAAAAAAAAAAAAAALLLLLLLLLLLP PLEAAAAAAAAAASE Find the simple interest of an account with a Principal of $43,800 with a rate of 4.8% for 2 years. *
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HEAAAAAAAAAAAAAAAAAAAAAAAAAALLLLLLLLLLLP PLEAAAAAAAAAASE Find the simple interest of an account with a Principal of $43,800 with a rate of 4.8% for 2 years. *

User Jamieson
by
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1 Answer

11 votes
I=P0rt
I is the interest
P0 is the principal amount
R is the interest rate in decimal form
T is time
So I=43,800 (.048) 2
I=43,800 (0.096)
I=4204.8
User Ethan Yanjia Li
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5.7k points
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