Question

Find the simple interest: Principal: $650 Interest Rate: 14% Time: 4 years​

Answer 1

292.50 dollars

Explanation:

P = 650 is the the principal.

r = 0.09 is the interest rate in decimal form.

t = 5 is the number of years.

i = 650*0.09*5

i = 292.50 is the simple interest.