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HELP!! PLEASE?? BRAINLIEDT ANSWER INCLUDED! If $230 is invested for one year at 12.7% simple interest, how much interest is earned?

Respuesta :

wegnerkolmp2741o

230* .127 = 29.21

The interest earned in $29.21

ifeoluwaakinrip6qdgr

Answer:

=$29.21

Step-by-step explanation:

Simple Interest = [tex]\frac{P * R * T}{100}[/tex] , where P - Principal, R - Rate and T - Time

P = $230, R = 12.7%, T = 1 year

Simple interest = [tex]\frac{230 * 12.7 * 1}{100}[/tex]

                           = [tex]\frac{2921}{100}[/tex]

S.I  = $29.21

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