Question

Based on simple interest, find the total amount saved or owed.

principal = $1056; rate = 3.75%; time = 6 years

A.
$1293.60

B.
$1452.00

C.
$1689.00

D.
$3432.00

Answer 1

Plz help!

Answer 2

\[Interest = \frac{ 1056\times3.75\times6 }{ 100 } = 237.6\]

so the total becomes \[1056+ 237.6 = 1293.6\]

Answer 3

thx thats what i thought the anwser was

Answer 4

if you have given this amount to someone, it will be called saved. or if you taken a loan then it will be called owed.

Answer 5

thx that helps a lot!