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In the situation, simple interest is calculated yearly.

How much interest was earned?

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In the situation, simple interest is calculated yearly. How much interest was earned-example-1
User Azriebakri
by
6.9k points

2 Answers

7 votes

Answer:

3,840

Explanation:

hope this helped:)

User Dinkheller
by
7.0k points
2 votes
You need to divide 8000 by 100 and you get 80. Multiply 80 by 12 you will get 960. Multiply 8000 by 4 and you will get 3200. Multiply 960 by 4 and you get 3840. Subtract 3840 from 8000 and you get 28200. So you final answer should be $3,840.

User Sebastian Zeki
by
7.0k points
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