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Find the simple interest earned to the nearest cent for each principal, interest rate, and time. $1,200, 3.9%, 8 months

Find the simple interest earned to the nearest cent for each principal, interest rate, and time. $1,200, 3.9%, 8 months
asked 91.2k views
1 vote
Find the simple interest earned to the nearest cent for each principal, interest rate, and time.

$1,200, 3.9%, 8 months

asked
User Delio
by
7.0k points

1 Answer

2 votes
Try Using the Formula I=Prt

principal×rate×time

so

P-1200
R-.039
T-8 months
answered
User Malkia
by
8.1k points
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