contestada

Victoria has another account at the bank
that pays 22% simple interest. How
much interest will she earn in 8 years on
an initial deposit of $250 assuming she
neither adds to nor withdraws from the
account?

Respuesta :

ypi27034

Answer:

R=22% , T=8yrs , P=$250

I=PRT/100

I=250×22×8/100

I=$440.00

The Interest that's earned will be $440.

The formula for calculating simple Interest will be:

= PRT/100

where,

P = $250

R = 22%

T = 8 years

Therefore, the simple interest will be:

= (250 × 22 × 8) / 100

= 44000/100

= 440

Therefore, the simple interest is $440.

Learn more about interest on:

https://brainly.com/question/25545513

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