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OpenStudy (anonymous):
Marvin currently has a balance of $1,192 in an account he has held for 14 years. He opened the account with an initial deposit of $800. What is the simple interest on the account? 2.3% 3.5% 7.1% 10.6%
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OpenStudy (anonymous):
Amt - Principal = SI = Principal x Rate x Time / 100
OpenStudy (anonymous):
S.I = amount - principal = 1192 - 800 = 392 = (prt)/100
OpenStudy (anonymous):
It's 3.5 % ?
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