The correct answer is: [C]: " $4290.00 " . _______________________________________ Explanation: _________________________________________ Given: principal, "P": equals: $14,300 ; rate, "r" : equals: 7.5 % = 7.5 / 100 = 0.075 ; time, "t" (in years): equals: 4 ; _________________________________________ What is the interest, "i" ? _________________________________________ Note: The formula: i = P * r * t . _________________________________________ So, we plug in our given values for "P", "r", and "t", and solve for "i" (interest). __________________________ i = ($14,300) *(0.075) * (4) ;
i = $1,490 ; which is answer choice: [C]: " $4290.00 " . ________________________________________________
