Question

P = $1400,300 r = 7 1/2% t = 4 what is i ? $4.29 $429.00 $4290.00

Answer 1

Answer:

Interest is $420090 .

Step-by-step explanation:

Formula

$Simple\ interest = \frac{Principle\times Rate\times Time}{100}$

As given

P = $1400,300

t = 4

$r = 7 \frac{1}{2}\%$

$r = \frac{15}{2}\%$

r = 7.5 %

Putting all the values in the formula

$Simple\ interest = \frac{1400300\times 7.5\times 4}{100}$

$Simple\ interest = \frac{4200900}{100}$

Simple interest = $ 420090

Therefore the interest is $420090 .