Question

$14,000 at 6% for 9 years is how much interest?

$7560.00
$756.00
$13,890.00
$7000.00

Answer 1

`\huge{ \fbox{ \text{ \$ \: 7560.00}}}`

Explanation:

`\star \text{ \: \: Principal \: ( \: P \: ) = \$ \: 14000}`

`\star{\text{ \: Rate \: ( \: R \: ) = 6\% }}`

`\star{ \text{ \: Time \: ( \: T \: ) = 9 \: years}}`

`\underline{ \sf{Finding \: the \: interest}} :`

`\boxed{ \sf{Interest = (principal \: ∗ \: time \: ∗ \: rate)/(100) }}`

`\hookrightarrow{ \sf{Interest = (14000 * 9 * 6)/(100) }}`

`\hookrightarrow{ \sf{Interest = (756000)/(100) }}`

`\hookrightarrow{ \sf{Interest = \frac{7560 \cancel{0} \cancel{0} }{1 \cancel{0 } \cancel{0} } }}`

`\hookrightarrow \text{Interest = \$ \: 7560}`

`\text{Hope \: I \: helped!}`

`\text{Best \: wishes!!}`

~
`\text{TheAnimeGirl}`