Post a New Question


posted by .

Sally deposited $3600 and the annual rate of interest is 6.5%. What is the interest amount for a 30-month period?

I = prt.
I = amt of interest
p = principal
r = rate (0.065 per year)
t = time in years = 2.5 years
I = 3600*0.065*2.5 = ??

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question