Register
Rosa invests $2300 in the bank at a 7% interest for 9 years. What is the simple interest?
94.4k views
3 votes
Rosa invests $2300 in the bank at a 7% interest for 9 years. What is the simple interest?

User Calvin Froedge
by
6.5k points

2 Answers

2 votes

WARNING - I wasn't told whether if it was annual or monthly contributions so this might not be correct.

Answer:

$1449.00

Explanation:

I = 2300 × 0.07 × 9 = 1449

I = $ 1,449.00

User Stijndcl
by
6.0k points
4 votes
7% of 2300 = 161 x 9 = 1449
User Nitin Prakash
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
Link Copied!