asd233
Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Find the simple interest.

principal = $10,400; rate = 12.5%; time = 11 years



A.$1300


B.$9152


C.$11,700


D.$14,300

Sagot :

SlowZasob
Firstly we need to find out how much is 12.5% from $10 400:

10 400 * 12.5% =
= 10 400 * 12.5/100 =
= 104 * 12.5 =
= 1300

Now we multiply the result by 11 (years):

1 300 * 11 = 14 300

So the simple interest is $14 300.

Correct answer: D
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.