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

Geekoverdose asked Mar 13, 2023

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20 votes

Geekoverdose asked Mar 13, 2023

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12 votes

Answer:

3200

Explanation:

Simple interest = PRT/100

= (16000 × 5 × 4%\)/100

= 320000/100

= 3200

JLott answered Mar 20, 2023

by JLott

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