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If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year? $8 $50 $800

If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year? $8 $50 $800
asked 102k views
4 votes
If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

$8
$50
$800

asked
User Phung
by
7.8k points

1 Answer

1 vote
$8 is the correct answer
answered
User Sagar Koshti
by
8.6k points
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