Register

Simple interest = P × r × t If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

Simple interest = P × r × t If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?
192k views
2 votes
simple interest = P × r × t If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

User Sergii Pechenizkyi
by
8.0k points

1 Answer

5 votes
200*.04*1=8usd is the simple interest earned in one year.
User Shahil Mohammed
by
7.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!