Question

PLEASE HELP WILL GIVE BRAINLIEST IF CORRECT

What is the simple interest on $40,000 for 10 years at 12%?

A.)$50,000

B.)$48,000

C.)$64,000

D.)$55,000

Answer 1

Answer:

To find the simple interest, we multiply 40000 × 0.12 × 10 to get that:

The interest is: $48000.00

Usually now, the interest is added onto the principal to figure some new amount after 10 year(s),

or 40000.00 + 48000.00 = 88000.00. For example:

If you borrowed the $40000.00, you would now owe $88000.00

If you loaned someone $40000.00, you would now be due $88000.00

Step-by-step explanation:

hope this helps!

Answer 2

The correct answer is B