What is the simple interest earned on $3,672 at 4.5% for three years?

$459.72

$594.86

$518.36

$495.72

interest at the end of 3 years is $495.72

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 3 years

P = $3,672

R = 4.5%

Therefore

I = (3672 × 4.5 × 3)/100

I = 49572/100

I = 495.72

the difference between a number and 5 is -2.

step-by-step explanation:

notice that the equation you are given has -2 (negative 2) on the right side, not 2. when you subtract 5 from a number n, you are finding the difference between the number and 5.

the difference between a number and 5 is -2.

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