eveuinup: 08% Use simple interest to find the ending balance. 17) $26,000 at 3% for 2 years

Question

eveuinup: 08%
Use simple interest to find the ending balance.
17) $26,000 at 3% for 2 years

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Aubrey 1 month 2021-10-16T21:39:03+00:00 1 Answer 0 views 0

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    2021-10-16T21:40:37+00:00

    Answer: $27,560

    Step-by-step explanation:

    Formular for simple interest = PRT

    P= 26,000

    R=3% = 3/100 = 0.03

    T= 2

    26,000 x 0.03× 2

    = 1,560

    Ending balance will be 26,000 + 1,560

    = $27,560

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