Question

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

Answer 1

14,290 is the answer. 14,300 x 4 x 7.5%=4,290

Answer 2

The value of I is $4,290.

Explanation:

We are given that,

P = $14,300

R =
`7(1)/(2)=(15)/(2)` = 7.5% = 0.075

T = 4

It is required to find the value of 'I'.

Since, we know that,
`I=PRT`

Substituting the values, we get,

`I=14,300* 0.075* 4`

i.e. I = $4,290

Hence, the value of I is $4,290.