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17-11-2020
Mathematics

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Find the interest earned if you place $76.43 into an account that pays 21.5% simple interest and leave it in for 3 months.

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ayp70498 ayp70498

17-11-2020

Answer:

$80.54

Step-by-step explanation:

The equation is A = P(1 + rt). You need to solve for A, the amount. P is the intial amount. r is the interest rate. t is the time in years. Convert 3 months into 3/12 years. Now plug in each of the numbers and solve.

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