Respuesta :

Aliwohaish12
Hi there

I=prt
P principle 8000
R interest rate 0.095
T time 120/360
I interest earned?

I=8,000×0.095×(120÷360)
I=253.33

Hope it helps

Answer:

Option A. 253.33

Step-by-step explanation:

We have to get the amount of simple interest earned in this problem

Principal amount  P = $800

Rate of interest  R = 9.5%

Time or period of investment  T = 120 days = [tex]\frac{1}{3}year[/tex]

We will use the formula of Interest =

[tex]\frac{P*R*T}{100}[/tex]

[tex]\frac{8000*9.5*1}{3*100}=$253.33[/tex]

Option A. 253.33 is the answer

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