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kotykmax [81]
2 years ago
5

Determine the simple interest earned p=$2000 r=4.6% T=4 years

Mathematics
1 answer:
Andreas93 [3]2 years ago
7 0

Answer:

  • \boxed{\sf{I=368}}

Step-by-step explanation:

Use a simple interest formula.

<u>Simple interest formula:</u>

<h3>⇒ I=Prt</h3>

  • P stands for principal
  • R stands for interest rate
  • T stands for interest time

  • (P): Principal =$2000
  • (R): Interest Rate =4.6%
  • (T): Interest Time =4

→ 2000*4.6%4

<u>You have to convert 4.6% into a decimal form.</u>

→ 4.6%=0.046

→ I=2000*0.046*4

<u>Solve.</u>

<u>Multiply the numbers from left to right.</u>

→ 2000*0.046*4=368

  • <u>Therefore, the correct answer is 368.</u>

I hope this helps you! Let me know if my answer is wrong or not.

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