azariyah17055
azariyah17055 azariyah17055
  • 14-12-2018
  • Mathematics
contestada

What is the interest if the principal is $10000 th interest rate 2% and the time is 8 years

Respuesta :

savageduck89
savageduck89 savageduck89
  • 14-12-2018

Answer:

the answer is 500

Step-by-step explanation:

step one is  convert interest rate of 2% per 6 months into rate per year.

step two is convert 9 months into years.

step three Find principal by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.



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