zakizabi1983
Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Pancho saved $1250 over the year from a part time job. He decided to take $850 of it to the bank
where it will earn 1.5% interest. How much interest will he earn if he leaves it there for 2 years?

Sagot :

localpsychedelic

Answer:

Pancho will earn $25.50 interest.

Step-by-step explanation:

interest= prt (principal x rate x time)

i= prt = 850(.015)(2)

i= 25.5

(.015 comes from dividing the percentage 1.5 by 100)

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.