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Please help! 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.
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Please help! 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 cent.

Please help! Correct Answers only! Use the formula i = prt, where i is the interest-example-1
User Shazwazza
by
2.9k points

1 Answer

2 votes

Answer:

$12000

Explanation:

Using the given formula :

I = P × R × T

I = 40000 × 15/100 × 2

I = $12000

User Vasilisa
by
3.3k points
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