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ruiz invests 5500 at a simple intrest rate of %4 How much intrest will he earn after 5 years? $110 $1100 $11,000 $110,000
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what do you think it is?
Ruiz invests $P at a simple intrest rate of %r, How much interest will he earn after t years? \(\large\color{black}{ \displaystyle P\times \frac{ r}{100}\times t }\)
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@1question Users have Provided Sufficient help, Solve it please !
I = PRT....Interest = principle * rate * time P = 5500 R = 4%....turn it into a decimal = .04 T = 5 now we sub.. I = 5500 * .04 * 5 now do the multiplication and what do you get for I ?
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