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Time = 8 years Interest rate = 14% Principal = $1,010 What is the total amount of simple interest that is earned? a.$113.20 b.$1,131.20 c.$11,311.20 d.$113,112.00
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Time = 8 years

Interest rate = 14%
Principal = $1,010

What is the total amount of simple interest that is earned?
a.$113.20
b.$1,131.20
c.$11,311.20
d.$113,112.00

User Xerath
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6.8k points

1 Answer

1 vote
B)1,131.20 would be the answer. 1010x0.14=141.4x8=B
User Louis Etienne
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