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Tatiana [17]
3 years ago
12

Find the value I in a formula P=IRT P=200 R=9% T=4 years

Mathematics
1 answer:
natita [175]3 years ago
6 0

The simple interest earned is $ 72

<u>Solution:</u>

<em><u>The formula for simple interest is given as:</u></em>

I = PRT

Where,

I is the simple interest

P is the principal

R is the rate of interest

T is the number of years

From given,

P = 200

R = 9 % = 0.09

T = 4 years

<em><u>Substituting the values we get,</u></em>

I = 200 \times 0.09 \times 4\\\\I = 200 \times 0.36\\\\I = 72

Thus simple interest earned is $ 72

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