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Use the simple interest formula to find the interest earned and the ending balance. I = Prt 1. $48,000 at 3% for 6 years

Use the simple interest formula to find the interest earned and the ending balance. I = Prt 1. $48,000 at 3% for 6 years
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2 votes
Use the simple interest formula to find the interest earned and the ending balance. I = Prt

1. $48,000 at 3% for 6 years

User Berat Cevik
by
7.2k points

1 Answer

5 votes

Answer:

$8,640

Explanation:

I = Prt

I = (48000)(0.03)(6)

I = 8640

User Liviu Ilea
by
7.7k points
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