Answer:
It’s the second one
Step-by-step explanation:
Answer: B!
Step-by-step explanation:
Which equation am I looking at
Answer:
960
Step-by-step explanation:
The simple interest formula is the following:
I = P*r*t
Where I is the interest generated after t years, P is the inicial value and r is the rate of interest.
In this case, we have that the inicial value is P = 4000, the rate of interest is r = 8% = 0.08 and the amount of time invested is t = 3 years.
So, the interest will be:
I = 4000*0.08*3 = 960
