lesli27 lesli27

10-05-2022
Mathematics

contestada

Find the simple interest on $1200 for 4 years at a rate of 3.12%.

Respuesta :

jsimpson11000 jsimpson11000

10-05-2022

Answer:

149.76

Step-by-step explanation:

Simple interest ....no compounding

1200 * .0312 * 4 = $ 149.76

Answer Link

ksond510 ksond510

10-05-2022

Answer:

Total: $[tex]$1349.76[/tex]

Simple Intrest: $[tex]149.76[/tex]

Step-by-step explanation:

[tex]SI=(P)(R)(T) \\P=1200\\R=0.0312\\T=4\\SI=(1200)(0.0312)(4)\\SI=(37.44)(4)\\SI=149.76\\149.76+1200=1349.76[/tex]

Answer Link

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