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Time = 8 years Interest rate = 14% Principal = $1,010 What is the total amount of simple interest that is earned?

Time = 8 years Interest rate = 14% Principal = $1,010 What is the total amount of simple interest that is earned?
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3 votes
Time = 8 years

Interest rate = 14%
Principal = $1,010

What is the total amount of simple interest that is earned?

User Mamal
by
8.1k points

2 Answers

6 votes

Answer:

$1,131.20

Explanation:

I've had this qustion before

User Awena
by
7.7k points
1 vote

Answer:

the simple interest is $1131.2

Explanation:

I=PRT

= 1010×14/100×8

=$1131.2

User CestLaGalere
by
7.4k points
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