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6 June, 05:24

Calculate the simple interest earned in 1 year on a deposit of $9,000, with the interest rate of 8%. Type in only the amount with a $ sign and round to the ones place.

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  1. 6 June, 08:53
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    The interest is $720

    Step-by-step explanation:

    Simple Interest SI = (Principal * rate * time) / 100

    SI = PRT/100

    p = $9000, R = 8%, and T = 1 year

    SI = (9000 * 8 * 1) / 100

    SI = 90 * 8

    SI = $720
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