enaijahholmes enaijahholmes

04-03-2020
Mathematics

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Find the interest. All rates are annual interest rates. Principal $1,000. Rate 8.5 percent Time 3 year

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adegokeganiyu435 adegokeganiyu435

04-03-2020

Answer:

interest is $255

Step-by-step explanation:

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Answer Link

Chelboy Chelboy

04-03-2020

Answer:$255

Step-by-step explanation:

Principal(p)=$1000

Rate(r)=8.5%

Time(t)=3years

Simple interest(SI)=?

SI=(pxrxt)/100

SI=(1000x8.5x3)/100

SI=25500/100

SI=$255

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