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What is the simple interest on $40,000 for 10 years at 12%? $64,000 $55,000 $50,000 $48,000
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4 votes
What is the simple interest on $40,000 for 10 years at 12%?

$64,000
$55,000
$50,000
$48,000

User Aftab Alam
by
5.1k points

2 Answers

6 votes

Answer:

48000

Explanation:

40000*10*12=48000

User Punit Sharma
by
5.3k points
6 votes

Explanation:

simple intrerest =p×r×t 40000×10×12=48000

User Tgo
by
5.5k points
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