3 years ago

Find the simple interest earned by each account. $800 principal at 4% interest for 5 years

Mathematics

2 answers:

Kipish [7]3 years ago

6 0

Answer:

$160

Step-by-step explanation:

Simple interest=principal×time×rate/100

Principal=$800

Time=5years

Rate=4%

S.I=800×5×4/100

S.I=8×4×5

S.I=160

So the simple interest is $160

I am Lyosha [343]3 years ago

5 0

Answer:

The simple interest is $160

Step-by-step explanation:

SSimple Interest SI = PRT/100

where p=principal, r=rate and t=time

p = $800, r = 4% and t = 5 years

SI = (800*4*5)/100

SI = 8*4*5

SI = $160

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