Question

HELP!! PLEASE?? BRAINLIEDT ANSWER INCLUDED! If $230 is invested for one year at 12.7% simple interest, how much interest is earned?

Answer 1

=$29.21

Explanation:

Simple Interest =
`(P * R * T)/(100)` , where P - Principal, R - Rate and T - Time

P = $230, R = 12.7%, T = 1 year

Simple interest =
`(230 * 12.7 * 1)/(100)`

=
`(2921)/(100)`

S.I = $29.21

Answer 2

230* .127 = 29.21

The interest earned in $29.21