In the situation, simple interest is calculated yearly. How much interest was earned? Principal: $8000; Time: 4 years; Interest rate: 12%; Interest: ?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked May 14, 2017 233k views

4 votes

In the situation, simple interest is calculated yearly.

How much interest was earned?

Principal: $8000; Time: 4 years; Interest rate: 12%; Interest: ?

Mathematics
middle-school

Gaurav S asked

by Gaurav S

7.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

6 votes

I believe the total interest is 3840.
(4 times .12) times 8000

Adxl answered May 20, 2017

by Adxl

8.7k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions