carlsoissilly137 carlsoissilly137
  • 13-04-2021
  • Mathematics
contestada

Find the simple interest. Round to the nearest
cent if necessary.
$1450, 32%, 3 months

Respuesta :

topeadeniran2 topeadeniran2
  • 18-04-2021

Answer: $116

Step-by-step explanation:

Simple interest is calculated using the formula = PRT

where,

P = principal = $1450

R = rate = 32%

T = time = 3 months = 3/12 = 1/4 = 0.25

Interest = PRT

= 1450 × 32% × 0.25

= 1450 × 0.32 × 0.25

= $116

The simple interest is $116

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