Question

p = $14,300 r = 7 1/2% t = 4 What is i?

Answer 1

14,290 is the answer. 14,300 x 4 x 7.5%=4,290

Answer 2

Answer:

The value of I is $4,290.

Step-by-step explanation:

We are given that,

P = $14,300

R = $7\frac{1}{2}=\frac{15}{2}$ = 7.5% = 0.075

T = 4

It is required to find the value of 'I'.

Since, we know that, $I=PRT$

Substituting the values, we get,

$I=14,300\times 0.075\times 4$

i.e. I = $4,290

Hence, the value of I is $4,290.