karlacastellanos8256 karlacastellanos8256
  • 04-06-2021
  • Mathematics
contestada

What is the simple interest earned on a $1,000 principle, with a 7.8% interest rate, after 4 years? (Show your work)

Respuesta :

drmallery drmallery
  • 06-06-2021

Answer:

312

Step-by-step explanation:

1000x.078=78 interest per year

78 interest x4 years=312 interest after 4 years.

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