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04-04-2018
Mathematics

contestada

interest earned: ?
principal: $1250
interest rate: 3%
time: 4 years

Respuesta :

Belfium Belfium

04-04-2018

I = P * r * t
I = 1250 * 0.03 * 4
I = $150

Therefore $150 interest was earned

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Alexisld Alexisld

04-04-2018

Interest
I = prt
I = (1250)(0.03)(4)
I = $150.00

Compound interest
FV = PV (1+r) ^ t
FV = 1250 (1+0.03)^4
FV = $1406.89

Answer Link

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