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Over three years there is a principal of $7,340. If the interest rate is 5%, how much interest is paid? 1. $111.45 2. $1,114.50 3. $11,145 4. $111,450
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Over three years there is a principal of $7,340. If the interest rate is 5%, how much interest is paid?

1. $111.45
2. $1,114.50
3. $11,145
4. $111,450

User Lazloman
by
6.2k points

1 Answer

7 votes

Answer: 2

Explanation:

User Vitooh
by
6.0k points
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