Respuesta :

heavenlylbanjer
0.0775/2=0.03875
4000*0.03875=$155.00

1175*0.0145*4=$68.15
samuelonum1

The simple interest accumulated on a principal of $ 1,175.00 at a rate of 1.45% per year for 4 years is $ 68.15.

Simple Interest

Given Data

Principal P = $1175

Interest Rate r = 1.45%

Time t = 4 years

Interest I = ??

  • Equation:

      I = Prt

  • Calculation:
  • First,
  • converting
  • R percent to r a decimal

        r = R/100 = 1.45%/100 = 0.0145 per year,

        then, solving our equation

I = 1175 × 0.0145 × 4 = 68.15

I = $ 68.15

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