Question

I will give brainiest to whoever answers correctly !!

Answer 1

Answer:

$37623.04

Step-by-step explanation:

The formula we'll use for this is the simple interest formula, or:

$I=p*r*t$

Where:

P is the principal amount, $1088.00.

r is the interest rate, 839.5% per year, or in decimal form, 839.5/100=8.395.

t is the time involved, 4....year(s) time periods.

So, t is 4....year time periods.

To find the simple interest, we multiply 1088 × 8.395 × 4 to get that:

The interest is: $36535.04

Usually now, the interest is added onto the principal to figure some new amount after 4 year(s),

or 1088.00 + 36535.04 = 37623.04.