3900 is invested for 18 months at an annual simple interest rate of 14 how much interest will be

Name: 3900 is invested for 18 months at an annual simple interest rate of 14 how much interest will be earned round your answer to the nearest cent if necessary 48241
Uploaded: 2024-03-07T13:59:41-08:00
Duration: 2 min 30 s
Channel: Numerade
Description: 3900 is invested for 18 months at an annual simple interest rate of 14 how much interest will be earned round your answer to the nearest cent if necessary 48241

Question

Narayan Hari · Answer

In this problem first time writing the given data year. So principal amount is given as $4200 an

Kathleen Carty · Answer

So we have an investment of $4 ,000 and it&#x27;s earning 6%. Compounding is monthly, so n is 12, and

Donna Densmore · Answer

$1 ,000 to invest for three years and your interest rate you&#x27;re going to be earning is 8 % How m

Kathleen Carty · Answer

We are investing $200, 4 % interest, so our interest rate is 4%, and compounding is monthly, so

Matthew Wagner · Answer

Alright, looking at this situation, we are going to use our compound interest formula. So based

Question

$3,900 is invested for 18 months at an annual simple interest rate of 14%. How much interest will be earned? Round your answer to the nearest cent, if necessary.

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