arosenbery arosenbery

18-11-2016
Mathematics

Answered

Richard deposited $5500 for 6 years on 2.40% interest rate in his savings account. How much simple interest will he earn?

Verified Answer :

ericosouki ericosouki

22-11-2016

Hello,

Shall we begin?

prinicipal= 5.500
time= 6 years
tax= 2.4% per year
j= interest=?

j = cit
j = 5.500 0,024 6
j = 792

Answers: interest 792.00

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