Find the amount of simple interest earned in one year on an account that has an interest rate of 3.2% and a principal of $250.

OlmekinjP

OlmekinjP

Answered question

2021-02-21

Find the amount of simple interest earned in one year on an account that has an interest rate of 3.2% and a principal of $250.

Answer & Explanation

berggansS

berggansS

Skilled2021-02-22Added 91 answers

Principal= $250
Rate =3.2%
time = 1 yr
Simple interest =PRT100
S.I=2503.21100 =8
S.I. =$8

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