Question

P = $14,300

r = 7 1/2%

t = 4



What is i?
$4,290.00
$429.00
$4.29

Answer 1

Value of I is $4290

Explanation:

We have been given that,

Formula for simple interest is given by

Plugging the known values

On simplifying, we get

Hence, value of I is $4290