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P = $14,300 r = 7 % t = 4
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2 votes
P = $14,300
r = 7 %
t = 4

User Luka Rahne
by
7.5k points

1 Answer

3 votes
Hi there
To find the simple interest
The formula is
I=prt
I interest earned?
P principle 14300
R interest rate 0.07
T time 4 years
So
I=14,300×0.07×4
I=4,004

Good luck!
User Nathan Romano
by
9.1k points
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