hfreasier2007 hfreasier2007

01-12-2019
Mathematics

contestada

Michael deposited $1000 in his bank
account at a simple interest rate of
8% for 4 years
Interest:
Total:

Respuesta :

adelodunoba85 adelodunoba85

03-12-2019

Answer:

Interest =$320

Total=$1320

Step-by-step explanation:

principal p =$1000

rate r =8%

time t=4yrs

interest, i =p*r*t/100

=1000*8*4/100

=10*8*4=$320

total amount =p+i

=1000+320=$1320

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