pennywill25 pennywill25
  • 02-02-2020
  • Mathematics
contestada

Find the value I in a formula P=IRT P=200 R=9% T=4 years

Respuesta :

iwillanswer iwillanswer
  • 08-02-2020

The simple interest earned is $ 72

Solution:

The formula for simple interest is given as:

I = PRT

Where,

I is the simple interest

P is the principal

R is the rate of interest

T is the number of years

From given,

P = 200

R = 9 % = 0.09

T = 4 years

Substituting the values we get,

[tex]I = 200 \times 0.09 \times 4\\\\I = 200 \times 0.36\\\\I = 72[/tex]

Thus simple interest earned is $ 72

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