Question

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

Answer 1

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

Answer 2

230* .127 = 29.21

The interest earned in $29.21