Carlos deposited $8,000 at 4.5% simple interest. How much will be in the account at the end of 30 months
I = p * r * t
8,000(.045)(2.5)
I = $900
Is this correct?
The interest is 900.
How much is in the account after 2.5 years?
I = p * r * t
8,000(.045)(2.5)
I = $900
Is this correct?
How much is in the account after 2.5 years?