Answer: D
Step-by-step explanation:
Answer:
399.84
Step-by-step explanation:
408.00 x .98 (2% reduction from 100) = 399.84
Answer:

Step-by-step explanation:
we know that
The simple interest formula is equal to

where
I is the Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have

substitute in the formula above


If the number is negative than it is less than it's absolute value.