Determine how much simple interest you would earn on the following investment:
       
      
                
     
    
    
    
    
    1 answer:
            
              
              
                
                
 Answer: $3,484 <em>(I hope this is the correct way to do it)</em>
Step-by-step explanation:
The formula is: 
- SI = simple interest  
- P = principal amount = $13,400  
- R = interest rate (in percentage) =  % = 6.5% % = 6.5%
- T = time duration (in years) = 4 years

<em>If you want to find the total amount, add the principle amount and the interest.</em>
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