Register
if the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?
141k views
3 votes
if the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

User Lmcanavals
by
5.4k points

2 Answers

3 votes
Simple interest = [PTR]/100
where P is the principle, T is time and R is rate

Simple interest earned
= [(200)(1)(4)]/100
= $8
User Mark Wragg
by
7.1k points
5 votes
Principal = 200
interest rate = 4% per annum
term = 1 year

Simple Interest = Principal * interest rate * term
S.I. = 200 * 4% * 1
S.I = 8

Simple interest is $8
User Aaron Voelker
by
6.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.8m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
Link Copied!