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

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asked Jan 6, 2021 221k views

3 votes

Time = 8 years

Interest rate = 14%
Principal = $1,010

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

Mathematics
high-school

Mamal asked

by Mamal

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2 Answers

6 votes

Answer:

$1,131.20

Explanation:

I've had this qustion before

Awena answered Jan 7, 2021

by Awena

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1 vote

Answer:

the simple interest is $1131.2

Explanation:

I=PRT

= 1010×14/100×8

=$1131.2

CestLaGalere answered Jan 10, 2021

by CestLaGalere

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