What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.
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Transcribed Image Text:Review Question 15 of 23, Step 1 of 1 9/28 Correct What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent. Answer
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