BrainyBeauty1217 BrainyBeauty1217
  • 04-09-2018
  • Mathematics
contestada

Robert invests $3,250 into a money market account with an annual 1.7% simple interest rate. If he does not add or subtract any money, how much interest will he earn after three years?

Respuesta :

Аноним Аноним
  • 04-09-2018

I = PRT/100    where P = pricipal, R = rate and T = number of years. I = interest.

So answer is (3250 * 1.7 * 3) / 100  =  $165.75

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