Question

Calculate the amount of $4480 at 8% interest per annum for 3 years

Answer 1

Answer:

$5555.20

Step-by-step explanation:

F = P + I

I = Prt

I = $4480 × 0.08 × 3 = $1075.20

F = $4480 + $1075.20

F = $5555.20