martinhaley101
martinhaley101 martinhaley101
  • 18-04-2017
  • Mathematics
contestada

Find the interest due on $5,000 at 11% for 3 years.

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SquishySquid
SquishySquid SquishySquid
  • 18-04-2017
For simple interest the answer would be $6650 but for compound interest it would be $6838.16 I hope this helped ^^ (It is $1650 extra for simple interest and $1838.16 for compound)
Answer Link
Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 18-04-2017
I=prt
I=5,000×0.11×3
I=1,650
Answer Link

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