xbrito2027 xbrito2027
  • 26-01-2022
  • Mathematics
contestada

$7,400 at 10.5% for 4 years

Respuesta :

jtm2588
jtm2588 jtm2588
  • 26-01-2022

Answer:

$3108

Step-by-step explanation:

Use the formula: Interest = Principal(rate)(time)

I = Prt

P: 7400

t: 4

r: 10.5% convert to a decimal   10.5/100 = 0.105

I = 7400(4)(0.105)

I = 3108

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