Question: Calculate the simple interest earned. Round to the nearest cent. P = $8,000, r = 6.8%, t = 8 months

  • Calculate the simple interest earned. Round to the nearest cent.

    P = $8,000, r = 6.8%, t = 8 months

Step by Step Solution

3.31 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the simple interest earned we can use the f... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!