13) What is the simple interest and total amount earned on $4345 with an interest rate of 3% over 16 months. Round to the nearest cent. (3 marks)
Simple Interest
Total Amount

173.80 interest, 4518.80 total

Step-by-step explanation:

4345 X .03(3%)=130.35/year

130.35/12=10.8625/month

10.8625 x 16 months = 173.80 interest over 16 months

4345+173.80=4518.80 total amount

step-by-step explanation:

you can add the two numbers and divide the result by 2. or you can find the gap between the two numbers and add half of this to the smaller number.

step-by-step explanation: 4 cause 2+2=4