Question

Calculate the interest paid when 4920 is invested at 13% p.a simple interest for eight years​

Answer 1

Answer:

I'll setup the problem and you can do the calculations

Step-by-step explanation:

The formula for simple interest:

I = P*r*t

I = interest

P = principle or amount invested

r = interest rate per period (period is a year)

t = number of periods

P = 4920

r = .13

t = 8

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