Redhawk2003 Redhawk2003

15-12-2016
Mathematics

Answered

In the situation, simple interest is calculated yearly.

How much interest was earned?

Principal: $8000; Time: 4 years; Interest rate: 12%; Interest: ?

Verified Answer :

downundergirl downundergirl

15-12-2016

I believe the total interest is 3840.
(4 times .12) times 8000

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