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13) What is the simple interest and total amount earned on $4345 with an interest rate of
3% over 16 months. Round to the nearest cent. (3 marks)
Simple Interest
Total Amount

Respuesta :

Answer:

173.80 interest, 4518.80 total

Step-by-step explanation:

4345 X .03(3%)=130.35/year

130.35/12=10.8625/month

10.8625 x 16 months = 173.80 interest over 16 months

4345+173.80=4518.80 total amount

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