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29 votes
29 votes
I=$200,p=$1000,r=4 years

User Tom Savage
by
3.1k points

1 Answer

13 votes
13 votes

Answer:

idt this is right..... sorry if this is wrong...

Explanation:

I = $ 8,000.00

Equation:

I = Prt

Calculation:

First, converting R percent to r a decimal

r = R/100 = 200%/100 = 2 per year,

then, solving our equation

I = 1000 × 2 × 4 = 8000

I = $ 8,000.00

The simple interest accumulated

on a principal of $ 1,000.00

at a rate of 200% per year

for 4 years is $ 8,000.00.

User Swathi EP
by
2.7k points
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