asd233
Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.