Use the formula for Interest: P = $250 r = 7.2% Y= 5 A = ?

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Guest May 27, 2014

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Best Answer

Compound interest ot simple interest.

Simple interest

I=Prt

$${\mathtt{I}} = {\mathtt{250}}{\mathtt{\,\times\,}}{\mathtt{0.072}}{\mathtt{\,\times\,}}{\mathtt{5}} \Rightarrow {\mathtt{I}} = {\mathtt{90}}$$

Interest = $90

Melody May 27, 2014

Melody · Answer 1 · 2014-05-27T08:54:15

Compound interest ot simple interest.

Simple interest

I=Prt

$${\mathtt{I}} = {\mathtt{250}}{\mathtt{\,\times\,}}{\mathtt{0.072}}{\mathtt{\,\times\,}}{\mathtt{5}} \Rightarrow {\mathtt{I}} = {\mathtt{90}}$$

Interest = $90