pina09282001 pina09282001

15-01-2020
Mathematics

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If $860 is invested for one year at 13% simple interest, how much interest is earned?

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TheAnimeGirl TheAnimeGirl

15-01-2020

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Kazeemsodikisola Kazeemsodikisola

15-01-2020

Answer:

Simple interest = (principal × rate × year) / 100

Principal is $860

Rate is 13%

Year is 1years

Therefore,

S.I = PRT/100

S.I = 860 × 13 ×1 / 100

S.I = $111.8 QED

Step-by-step explanation:

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