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In the situation, simple interest is calculated yearly. How much interest was earned? Principal: 8,000; Time: 4 years; Interest rate: 12%; Interest?
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Dec 14, 2018
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In the situation, simple interest is calculated yearly. How much interest was earned?
Principal: 8,000; Time: 4 years; Interest rate: 12%; Interest?
Mathematics
high-school
Rosabelle
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I = PRT
P = 8000
R = 12% = 0.12 (u have to turn this into a decimal)
T = 4
I = (8000)(0.12)(4)
I = 3840 <==
Arxoft
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Dec 19, 2018
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