lilypadgaming lilypadgaming

14-12-2017
Mathematics

contestada

In the situation, simple interest is calculated yearly. How much interest was earned?

Principal: 8,000; Time: 4 years; Interest rate: 12%; Interest?

Respuesta :

texaschic101 texaschic101

14-12-2017

I = PRT
P = 8000
R = 12% = 0.12 (u have to turn this into a decimal)
T = 4

I = (8000)(0.12)(4)
I = 3840 <==

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