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ad-work [718]
3 years ago
6

You can invest $200 at 8% for 3 years. Find the simple interest.

Mathematics
1 answer:
Ira Lisetskai [31]3 years ago
4 0

Answer:

$48

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 8%/100 = 0.08 per year,

then, solving our equation

I = 200 × 0.08 × 3 = 48

I = $ 48.00

The simple interest accumulated

on a principal of $ 200.00

at a rate of 8% per year

for 3 years is $ 48.00.

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Like Anxdy's answer to your doubt? Be sure to thank him, give him a rating, or award him!

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