calculate the simple interest earned round to nearest cent

p=$8200, r= 6%, t =year

1 Expert Answer

By:

Etta W. answered • 06/22/20

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The simple interest formula is I = Prt.

You are given $8200 as p, and 6% as r, and 1 as t.

Change 6% to a decimal.

I = (8200)(.06)(1)

I = $492.00

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