Find the simple interest on $1200 for 4 years at a rate of 3.12%.

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asked Jan 28, 2023 158k views

23 votes

Find the simple interest on $1200 for 4 years at a rate of 3.12%.

Mathematics
college

Spire asked

by Spire

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2 Answers

3 votes

Answer:

Total: $
$1349.76

Simple Intrest: $
149.76

Explanation:

$SI=(P)(R)(T) \\P=1200\\R=0.0312\\T=4\\SI=(1200)(0.0312)(4)\\SI=(37.44)(4)\\SI=149.76\\149.76+1200=1349.76$

Kevin Mei answered Jan 30, 2023

by Kevin Mei

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6 votes

Answer:

149.76

Explanation:

Simple interest ....no compounding

1200 * .0312 * 4 = $ 149.76

Sandesh Dahake answered Feb 1, 2023

by Sandesh Dahake

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