Question #88996

1 Answer
sankarankalyanam
Oct 15, 2017

Interest = $3,200

Explanation:

Assumed simple interest.
I=(PNR)/100I=PNR100
I=Interest, P=Principal, N=No. of years & R = Rate of Interest in %.
I=(10,000*4*8)/100=(3200cancel(00))/(1cancel(00))
I = $3200

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