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An account earns simple interest. $1675 at 4.6% for 4 years
95.8k views
2 votes
An account earns simple interest.
$1675 at 4.6% for 4 years

User Jonathan Vicente
by
8.0k points

1 Answer

6 votes

Answer:

$308.20

Explanation:

The simple interest formula i = p·r·t applies here:

($1675)(0.046)(4) = $308.20

User Ravi Kadaboina
by
8.7k points
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