Simple interest of 630$ for 4 years at 6.5%

Question

Mathematics

Mya Patel

4 November, 01:49

Simple interest of 630$ for 4 years at 6.5%

+4

Answers (2)

Know the Answer?

Kendall Burgess · Answer 1

Answer:$163.9

Step-by-step explanation:

PRT

630*6.5/100*4

Roberson · Answer 2

Answer:The interest is: $163.80

Step-by-step explanation: P is the principal amount, $630.00.

r is the interest rate, 6.5% per year, or in decimal form, 6.5/100=0.065.

t is the time involved, 4 ... year (s) time periods.

So, t is 4 ... year time periods.

To find the simple interest, we multiply 630 * 0.065 * 4 to get that:

The interest is: $163.80