Ask Question
2 October, 20:59

Find the simple interest earned by each account. $800 principal at 4% interest for 5 years

+5
Answers (1)
  1. 2 October, 21:22
    0
    The simple interest is $160

    Step-by-step explanation:

    SSimple Interest SI = PRT/100

    where p=principal, r=rate and t=time

    p = $800, r = 4% and t = 5 years

    SI = (800*4*5) / 100

    SI = 8*4*5

    SI = $160
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Find the simple interest earned by each account. $800 principal at 4% interest for 5 years ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers