Respuesta :

lavanyaande

The amount on interest he earned is $5116.8

Step-by-step explanation:

Given,

Principal(P) = $16400

Rate of interest(R) = 3.9%

Time(T) = 8 years

To find the interest

Formula

Simple interest = [tex]\frac{PRT}{100}[/tex]

Hence,

The interest =$ [tex]\frac{16400X3.9X8}{100}[/tex]

= $5116.80

Onoriodefelix

Answer:

$5116.8

Step-by-step explanation:

Interest = PRT/100

Where

P = principal

R = rate

T = time

Given

P = $16400

R = 3.9% and

T = 8 years

Interest = $16400 x 3.9 x 8 /100

The zeros cancel out

We’re left with

Interest = 164 x 3.9 x 8

= $5116.8

$5116.8 interest was earned after 8 years

Interest =

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