Question

2. Find the simple interest. P=$90300, R=8.7%, T=2

Answer 1

Answer:

$15,712.20

Step-by-step explanation:

First you convert the percentage to decimal form out of 100 (which you divide)

8.7%/100 =  0.087

A = P(1 + rt)

A = $90,300(1 + 0.087 * 2)     ( * = multiplication)

I = $106,012.20 - $90,300= $15,712.20

Which you should get $15,712.20

Hope this helps!