Question

If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?

A.) $8
B.) $50
C.) $800

Answer 1

M=C+Cdt
M=200+(200)(0.04)(1)
M=200+8
M=208$

M-C= Interest earned
208-200=8$

Answer 2

If you need an explanation for it, shout me out, the variables are the variables I use in french as I study in french.

Answer 3

i understand it the way that you put it (: thank you!

Answer 4

No problem :)