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29 January, 04:15

Find the simple interest

Principal

$400

Rate

16%

Time

12 months

The interest is $

(Round to the nearest cent.)

+4
Answers (1)
  1. 29 January, 05:09
    0
    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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