Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Our platform offers a seamless experience for finding reliable answers from a network of experienced professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Answer:
$11,028.68
Step-by-step explanation:
As we all know, the simple interest formula is as follows:
[tex]P(1+rt)[/tex]
Wherein:
P = Principal amount
r = rate (in percentage so, rate/100)
t = time (in years)
Hence, when we substitute in these values,
[tex]8255(1+(4.2/100)*8)[/tex]
= $11,028,68
it will be 4.2/100 as it is percentage form.
B. 11,028.68
I = PRT where I = interest earned, P = principal/money deposited, R = interest rate in decimal form, and T = time in years
Plugging in what we know:
I = (8255)(0.042)(8)
I = 2773.68
Add that to the principal
8,255 + 2,773.68 = 11,028.68
I = PRT where I = interest earned, P = principal/money deposited, R = interest rate in decimal form, and T = time in years
Plugging in what we know:
I = (8255)(0.042)(8)
I = 2773.68
Add that to the principal
8,255 + 2,773.68 = 11,028.68
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.