Question

P = $1400,300 r = 7 1/2% t = 4 what is i ? $4.29 $429.00 $4290.00

Answer 1

Interest is $420090 .

Explanation:

Formula

`Simple\ interest = (Principle* Rate* Time)/(100)`

As given

P = $1400,300

t = 4

`r = 7 (1)/(2)\%`

`r = (15)/(2)\%`

r = 7.5 %

Putting all the values in the formula

`Simple\ interest = (1400300* 7.5* 4)/(100)`

`Simple\ interest = (4200900)/(100)`

Simple interest = $ 420090

Therefore the interest is $420090 .