MellowFluffs
Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Pls help!!! What is the annual interest for a principle of $5,500 at a simple interest rate of 4.5%?

Sagot :

Answer:

Hi Ok So I might be wrong but Here is my answer

$1237.50

r = 4.5% = 0.045

I = prt

I = 5500*0.045*5

= $1237.50

Hope i helped pls mark me as brain list if I'm correct

Step-by-step explanation:

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.