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P = $14,300 r = 7 1/2% t = 4 What is i?

P = $14,300 r = 7 1/2% t = 4 What is i?
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2 votes
P = $14,300
r = 7 1/2%
t = 4

What is i?

User Eran Hammer
by
8.1k points

1 Answer

5 votes
Assuming simple interest,
.. i = Prt = $14,300×7.5%×4 = $4,290
User Rposky
by
6.7k points
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