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07-04-2020
Mathematics

contestada

Find the simple interest
Principal
$400
Rate
16%
Time
12 months
The interest is $
(Round to the nearest cent.)

Respuesta :

FirasKhan FirasKhan

07-04-2020

Answer:

464

Step-by-step explanation:

so simple interest formula is ptr/100. then 400*1*16 / 100.

the answer is 64. now adding if to the principal will give you 400 + 64 = $464

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