FatenA435226 FatenA435226

29-10-2022
Mathematics

contestada

- $35,800 at 8.2% interest for 3 years. What would the interest be?

Respuesta :

OwynV349961 OwynV349961

29-10-2022

Solution

The formula for Interest is

I = PRT

where

P is the Principal

R is the rate

T is the time in years

Here, P = $35,800, R = 8.2% = 0.082, T = 3

=> I = 35,800 × 0.082 × 3 = $ 8806.8

Therefore, the Interest is $ 8806.8

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