srosenbaum98
contestada

In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $8000; Time: 4 years; Interest rate: 12%; Interest: ?

Respuesta :

Answer:

The simple interest be $3840 .

Step-by-step explanation:

Formula

[tex]Simple\ interest = \frac{Principle\times time\times rate}{100}[/tex]

As

Principal = $8000

Time = 4 years

Interest rate =12%

Put value in the above formula

[tex]Simple\ interest = \frac{8000\times 4\times 12}{100}[/tex]

[tex]Simple\ interest = \frac{384000}{100}[/tex]

Simple interest = $3840

Therefore the simple interest be $3840 .


JeanaShupp

Answer: $3840

Step-by-step explanation:

We know that the formula to calculate simple interest is given by :-

[tex]S.I=Prt[/tex]

Given: Principal (P): $8000

Time (t): 4 years

Interest rate (r): 12% =0.12

Now, the simple interest earned is given by :-

[tex]S.I=8000\times0.12\times4\\\\\Rightarrow\ S.I.=\$3840[/tex]

Hence, Simple interest was earned = $3840

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