11 How much Interest(in dollars) is earned by investing $2200 at a simple interest rate of 8% for 12 years? Write the correct answer.

A = $4,312.00

I = A - P = $2,112.00

Hey!

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 8%/100 = 0.08 per year.

Solving our equation:

A = 2200(1 + (0.08 × 12)) = 4312

A = $4,312.00

The total amount accrued, principal plus interest, from simple interest on a principal of $2,200.00 at a rate of 8% per year for 12 years is $4,312.00.

Hope this helped in some way..have a great day!

so what is the question

step-by-step explanation:

6.9

step-by-step explanation:

simple math really

6 1/2 times 0.6 = 3.9

but if you are just doing 6 and not 6 1/2 then the answer is 3.6