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Please help! Correct Answers only! Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, …

Please help! Correct Answers only! Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, …
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3 votes
Please help! Correct Answers only!

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Round your answer to the nearest cent.

Please help! Correct Answers only! Use the formula i = prt, where i is the interest-example-1
asked
User Angelly
by
8.1k points

1 Answer

4 votes

Answer:

Using the given formula:

I = P × R ×T

I = 40000 × 15/100 × 2

I = $12000

answered
User Andrii Sukhoi
by
7.4k points
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