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

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asked Sep 18, 2018 218k views

1 Answer

Nathan Romano · Answer 1 · 2018-09-22T10:47:07+0000

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!

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

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