machellehicks41 machellehicks41
  • 26-07-2018
  • Mathematics
contestada

Find the interest due on $250 at 11% for 2 years

Respuesta :

mckenzie2120288 mckenzie2120288
  • 26-07-2018

55$

((.11)250)*2

55+250=305

305 dollars after 2 years, 55 dollars interest after 2 years

Answer Link
xjayde28x
xjayde28x xjayde28x
  • 26-07-2018

Interest = principal amount * rate * time

P = $250

R = 11% = 0.11

t = 2

Multiply them together to get 55.00

So the interest rate is $55

Answer Link

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