janiahaustin04 janiahaustin04

31-03-2021
Mathematics

contestada

Use the simple interest formula to find the interest earned and the ending balance. I = Prt

1. $270 at 9% for 3 years

Respuesta :

altavistard altavistard

31-03-2021

Answer:

$72.90 is the interest earned

Step-by-step explanation:

The appropriate formula is i = prt, where r is the annual interest rate expressed as a decimal fraction.

Here, i = ($270)(0.09)(3 yr) = $72.90 is the interest earned

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