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riadik2000 [5.3K]
3 years ago
10

What is the total amount of simple interest that is earned Time = 8 years Interest rate = 14% Principal = $1,010

Mathematics
2 answers:
Marrrta [24]3 years ago
6 0

Answer:

$1131.20

Step-by-step explanation:

I = Prt

= 1010 x 8 x 14%

= 1131.2

$1131.20

meriva3 years ago
6 0

Answer:

$1131.2

Step-by-step explanation:

Principal (P)= $1010

Time (t)= 8 years

Rate of interest = 14%

In decimal rate of interest (r)=0.14

We know that the simple interest is given by

Hence, the total simple interest earned = $1131.2

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