Register
QUICK, I NEED HELP!! Calculate the simple interest to the nearest cent. $283 at 4.9% for 8 years. $___
14.5k views
4 votes
QUICK, I NEED HELP!!

Calculate the simple interest to the nearest cent.

$283 at 4.9% for 8 years.

$___

User Tinylee
by
7.7k points

1 Answer

3 votes
Answer: $13.64 interest or $296.64 in total

Explanation: 4.9% of $283 is $1.73. Multiply the $1.73 by 8years. This brings you to $13.64 interest. After the 8 years you will have $296.64 in your account.
User Dashron
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!