sid has a savings account $8,500 in it that earns 8.7% simple interest per year. how much interest to the nearest cent will sid earn in 4 years? give your answer in dollars

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asked Aug 19, 2023 43.4k views

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sid has a savings account $8,500 in it that earns 8.7% simple interest per year. how much interest to the nearest cent will sid earn in 4 years? give your answer in dollars

Mathematics
college

Duniyadnd asked

by Duniyadnd

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we have:

$I=C\cdot i\cdot t=8500\cdot(8.7)/(100)\cdot4=2958$

answer: $ 2,958

Lchamp answered Aug 25, 2023

by Lchamp

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