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

Calculate the simple interest to the nearest cent.

$283 at 4.9% for 8 years.

$___

User Tinylee
by
5.5k 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
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