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Use the simple interest formula to find the interest earned and the ending balance. I = Prt (please show work) 1. $9,000 at 4% for 2 years

Use the simple interest formula to find the interest earned and the ending balance. I = Prt (please show work) 1. $9,000 at 4% for 2 years
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4 votes
Use the simple interest formula to find the interest earned and the ending balance. I = Prt (please show work)

1. $9,000 at 4% for 2 years

User Haccks
by
7.7k points

1 Answer

3 votes

Answer:

720

Explanation:

I = Prt

I = (9000)(0.04)(2)

I = 720

User Richards
by
8.2k points
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