annabelle562 annabelle562

05-01-2021
Mathematics

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How much interest is earned on a principle of $838.50 invested at an interest rate of 19% for 6 years? Round to the nearest cent

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architasaha2015 architasaha2015

05-01-2021

Answer:

$956

Step-by-step explanation:

Interest = Principal(Rate)(Time)/100

Interest = 838.5(19)(6)/100)

Interest = $95589/100

Interest = $955.89

Interest = $956(to the nearest cent)(Answer)

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