kferna9173 kferna9173

01-04-2021
Mathematics

contestada

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

Respuesta :

petersondori petersondori

01-04-2021

7% of 2300 = 161 x 9 = 1449

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nolakyle13 nolakyle13

01-04-2021

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

Answer Link

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