Question and answer
Gina invests $1,677 in an account paying 8.61% simple interest annually. How much interest has Gina gained after six years? a. $668.65 b. $240.65 c. $866.34 d. $2,543.34
Answer: The interest that Gina has gained after six years is: c. $866.34; Solution: P=$1677; R=8.61%=8.61/100=0.0861; T=6; I=PRT; I=1677*0.0861*6; I=866.34;
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erikalui|Points 1352|
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Asked 11/12/2014 6:55:32 PM
Updated 11/12/2014 7:13:10 PM
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Confirmed by debnjerry [11/12/2014 7:13:10 PM]
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