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23 March, 07:23

Calculate the simple interest for each solution, which choices have a simple interest grater than 800.00? Multiple choice. A. $2,000.00 at 6% for 7 years. B. $4,500.00 at 3% for 6 years. C. $1,400.00 at 6% for 9 years. D. $800.00 at 15% for 5 years.

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  1. 23 March, 07:36
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    The Choices A and B have a Interest amount greater than $800, where;

    A's Interest = $840

    B's Interest = $810

    Step-by-step explanation:

    A. $2,000.00 at 6% for 7 years.

    Interest = Principal x Time x Interest Rate

    Interest = $2,000 x 7 x 0.06

    Interest = $840

    B. $4,500.00 at 3% for 6 years.

    Interest = Principal x Time x Interest Rate

    Interest = $4,500 x 6 x 0.03

    Interest = $810

    C. $1,400.00 at 6% for 9 years.

    Interest = Principal x Time x Interest Rate

    Interest = $1,400 x 9 x 0.06

    Interest = $756

    D. $800.00 at 15% for 5 years.

    Interest = Principal x Time x Interest Rate

    Interest = $800 x 5 x 0.15

    Interest = $600
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