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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asked Apr 4, 2022 230k views

4 votes

What is the simple interest on $40,000 for 10 years at 12%?

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

Mathematics
college

Aftab Alam asked

by Aftab Alam

8.4k points

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2 Answers

6 votes

Answer:

48000

Explanation:

40000*10*12=48000

Punit Sharma answered Apr 5, 2022

by Punit Sharma

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6 votes

Explanation:

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

Tgo answered Apr 10, 2022

by Tgo

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