Answer:
$448
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year,
then, solving our equation
I = 3200 × 0.07 × 2 = 448
I = $ 448.00
USE THE EQUATION Interest= Principal x rate x time
0 with multiplicity 3, 3 with multiplicity 1, and 6 with multiplicity 1.
