ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Coach BA puts the same amount of principal into three different accounts earning simple interest for 12 months.-One account earns $70 at 4%.-The second account earns $87.50 at 5%.-The third account is at 6% interest and earns $105. How much money would Coach BA earn in a fourth account with the same principle and 9.5% simple interest?
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$157.55
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$166.25
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$17.50
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$183.75
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Explanation:
There is 1 question to complete.