Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Rosa invests $2300 in the bank at a 7% interest for 9 years. What is the simple interest?

Sagot :

7% of 2300 = 161 x 9 = 1449

WARNING - I wasn't told whether if it was annual or monthly contributions so this might not be correct.

Answer:

$1449.00

Step-by-step explanation:

I = 2300 × 0.07 × 9 = 1449

I = $ 1,449.00

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.