Respuesta :
the interest earned is what was made, not what was made + the original...idk for sure if this is correct, but, the interest earned is 243.97, and the new balance is 1743.97
Simple interest = P * R * T / 100
I = 1500 * 4 * 5 /100
I = 30000 /100
I = 300
In short, Interest amount would be $300
2) Balance = Previous balance + Interest amount
b = 1500 + 300 = 1800
Hope this helps!
I = 1500 * 4 * 5 /100
I = 30000 /100
I = 300
In short, Interest amount would be $300
2) Balance = Previous balance + Interest amount
b = 1500 + 300 = 1800
Hope this helps!
