Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Answer:
$29.25
Step-by-step explanation:
The formula for amount of interest is the P*R*T. Because the principal is $650 dollars, and the rate is 4.5% for 1 year, the formula so far is 650*0.045*T. The interest is per annum or annual, so the time has to be in terms of years, which in this case is 1 year. This would give you 650*0.045. The answer for that is simply $29.25.
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.
