Naylinojeda44 Naylinojeda44

29-04-2021
Mathematics

contestada

Find the simple interest principle:950 interest rate:12% time:4 years

Respuesta :

gilian2317 gilian2317

29-04-2021

Answer:

A=1,406

Step-by-step explanation:

simple interest formula: A=P(1+rt)

where P=950, r=12%, and t=4 years

A=950(1+(0.12·4))

A=950(1+0.48)

A=950(1.48)

A=1,406

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