Question

Correct Answers only!

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Round your answer to the nearest dollar.

Answer 1

128,000

Explanation:

I=prt

I=80,000 x 15 x 4

I=128,000

Answer 2

$128000

Explanation:

Using the given formula :

I = P × R × T

I = 80000 × 15/100 × 4

I = $48000

He saves = 48000 +80000 = $128000