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Simple Interest Is Given by Prt, Where P Is the Principal

Question 111

Multiple Choice

Simple interest is given by Prt, where P is the principal investment, r is the interest rate, and t is the number of years. What is the interest if P=$6800P = \$ 6800 , r=0.08r = 0.08 , and t=4t = 4 years?


A) $ 10881088
B) $ 32643264
C) $ 21762176
D) $ 65286528
E) $ 43524352

Correct Answer:

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