Answer:
$1,200 interest.
Step-by-step explanation:
To use the simple interest formula, I = Prt, we substitute in the values for variables that are given, ... Do you know that banks pay you to let them keep your money? ... Find the rate if a principal of $9,000 earned $1,755 interest in 3 years. ... Five years later, she paid him back the $8,000, plus $1,200 interest.
Answer:
0.08333333333
Step-by-step explanation:
(1/3)/4 in a calculator
8 / 200 = 4 / 100 = 0.04 ;