nd the simple interest. incipal Rate Time in Months 1000 8% 3 The simple interest is $ (Round to the nearest cent as needed.)

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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Question
Find the simple interest.
Principal Rate Time in Months
$4000 8%
3
The simple interest is $
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the simple interest. Principal Rate Time in Months $4000 8% 3 The simple interest is $ (Round to the nearest cent as needed.)
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