Hello!
To calculate Simple Interest, we have to use the formula below:
[tex]S.I.=P\times R\times T[/tex]• P, = principal (10,200)
,• R, = rate (8.5% = 0.085)
,• T, = time (10)
Let's replace these values in the formula that I mentioned:
[tex]\begin{gathered} S\mathrm{}I\mathrm{}=P\times R\times T \\ SI=10,200\cdot0.085\cdot10 \\ S\mathrm{}I=8,670 \end{gathered}[/tex]So, the interest earned is $8,670.
