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$3,900 Is deposited into a bank paying 13.5% simple interest per year. How much interest will have been paid after 11 years? ranswer​

$3,900 Is deposited into a bank paying 13.5% simple interest per year. How much interest will have been paid after 11 years? ranswer​
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3 votes
$3,900 Is deposited into a bank paying 13.5% simple interest per year. How much interest will have been paid after 11 years? ranswer​

User Mjuice
by
8.1k points

1 Answer

5 votes

Answer:

$5791.5

Explanation:

13.5% = $526.5 each year

User Thomas Renger
by
8.1k points
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