Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he

thangythang44

2016-04-24 20:08:42

Caleb invested $9200 in a savings account with a yearly interest rate of 3% for 7 years. How much simple interest did he earn?A. $285

ANSWERS

DamarisJett

2016-04-24 22:23:17

Simple interest = principal x interest (in decimal form) x time I = (9200)(0.03)(7) = $1932

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