Use the formula for Interest: P = $135 r = 7.2% Y= 5 A = ?

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Guest May 27, 2014

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Best Answer

I= Prt is the forumla for simple interest.

So $48.60 is correct for simple interest!

Thanks anonymous.

Melody May 27, 2014

Melody · Answer 1 · 2014-05-27T06:11:14

I= Prt is the forumla for simple interest.

So $48.60 is correct for simple interest!

Thanks anonymous.

Guest · Answer 2 · 2014-05-27T04:07:36

The formula for interest is: I = P * R * T

Therefore, we do: I = 135$ * 0.072 (percentage) * 5

It gives us: 48.6$