Zeke is calculating the interest on a deposit of $5,200 in an account that earns 3.15% simple interest after 48 months.

\[ I = prt \]

\[ I = 5,200 \times 0.0315 \times \frac{48}{12} \]

Find and describe the mistake in Zeke's work:

Zeke incorrectly calculated the interest using 48 as the time period instead of converting months to years. The correct calculation should divide the number of months by 12 to convert it into years.

Simple interest is the amount of interest that is accrued at a specific rate over a specified time period on a sum. The simple interest calculator can be used to determine simple interest. So, a loan for Rs. 1,000 with a 5% interest rate after three years would have a Rs. 150 simple interest payment.

A formula called Simple Interest (S.I.) is used to determine how much interest will be charged on a certain principal sum of money at a specific interest rate.

Here, we have

Given: Zeke is calculating the interest on a deposit of 5,200 in an account that earns 3.15% simple interest after 48 months.

P = 5,200

r = 3.15%

t = 48 months = 4 years

I = Prt

I = 5,200×0.0135×4

I = 655.2

Hence, Zeke earned interest $655.2

To learn more about the simple interest from the given link

brainly.com/question/25793394

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