Question

A deposit earns $102 after 36 months at a simple interest rate of 5%

What is the time and total value

Answer 1

Step-by-step explanation: 276.9

Answer 2

285.6

Explanation:

formula= I=PRT

i=?

p=102

r=5

t=36 months

5=0.05

102(1+(0.05x36)=285.6