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Stella [2.4K]
3 years ago
10

HELP!! PLEASE?? BRAINLIEDT ANSWER INCLUDED! If $230 is invested for one year at 12.7% simple interest, how much interest is earn

ed?
Mathematics
2 answers:
Liono4ka [1.6K]3 years ago
8 0

Answer:

=$29.21

Step-by-step explanation:

Simple Interest = \frac{P * R * T}{100} , where P - Principal, R - Rate and T - Time

P = $230, R = 12.7%, T = 1 year

Simple interest = \frac{230 * 12.7 * 1}{100}

                           = \frac{2921}{100}

S.I  = $29.21

alina1380 [7]3 years ago
4 0

230* .127 = 29.21

The interest earned in $29.21

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