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What is the simple interest of $16000 interested for 5 years at 4% p.a?​
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What is the simple interest of $16000 interested for 5 years at 4% p.a?​

User DivineWolfwood
by
8.0k points

1 Answer

3 votes

Answer:

3200

Explanation:

Simple interest = PRT/100

= (16000 × 5 × 4%\)/100

= 320000/100

= 3200

User Thatseeyou
by
7.8k points
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