Answered

IDNLearn.com is your trusted platform for finding reliable answers. Get the information you need from our community of experts who provide accurate and thorough answers to all your questions.

Principal = $2,400
Rate = 4%
Time = 30 months

Sagot :

Sabrinamahreen10idn

Answer:

$240

Step-by-step explanation:

I = prt

I = (2,400) (0.04) (2.5)  

note: I changed 4% to a decimal and 30 months to 2.5 years

I = 96 (2.5)

I = 240   <-- The interest

------------------------------------------------------------------------------------------------------------

The simple interest accumulated on a principal of $ 2,400.00  at a rate of 4% per year for 2.5 years (30 months) is $240.00.

---------------------------------------------------------------------------------------------------------

* Last time I did interest was in 6th grade and I don't remember much. So I am very sorry if my answer is wrong *

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.