HURRY NEED HELP ASAP The following information is known about a loan. Time = 8 years Interest rate = 14% Principal = $1,010 What is the total amount of simple interest that is earned? $113.20 $1,131.20

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asked Aug 24, 2022 227k views

1 vote

HURRY NEED HELP ASAP

The following information is known about a loan.

Time = 8 years
Interest rate = 14%
Principal = $1,010

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

Mathematics
high-school

Rob Bednark asked

by Rob Bednark

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2 Answers

1 vote

Answer:

1,131.20

Explanation:

I=prt

1,010*0.14*8

Rhololkeolke answered Aug 27, 2022

by Rhololkeolke

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5 votes

I=p*r*t
The answer is 1131.20

Komal Kadam answered Aug 28, 2022

by Komal Kadam

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