Answered

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Find the simple interest The simple interest is $ (Round to the nearest cent as needed) Principal Rate Time in Months $10000 4% 3

Sagot :

Given :

Principal = P = $10000

Rate = r = 4% = 0.04

Time = t = 3 months = 3/12 year = 1/4 year

The simple interest = I :

[tex]I=P\cdot r\cdot t=10000\cdot0.04\cdot\frac{1}{4}=10000\cdot0.01=100[/tex]

So, the answer is : the simple interest = $100

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