Respuesta :
[tex] \bf ~~~~~~ \textit{Simple Interest Earned}
\\\\
I = Prt\qquad
\begin{cases}
I=\textit{interest earned}\\
P=\textit{original amount deposited}\to& \$10000\\
r=rate\to 4\%\to \frac{4}{100}\to &0.04\\
t=years\to &10
\end{cases}
\\\\\\
I=(10000)(0.04)(10)\implies I=4000 [/tex]
We can first find the interest needed for a year:
10000×0.04
=$400
To find the interest paid for 10 years,we would multiply the interest needed for a year by 10,which is:
400×10
=$4000
Thus the simple interest paid for 10 years is $4000.
Hope it helps!
10000×0.04
=$400
To find the interest paid for 10 years,we would multiply the interest needed for a year by 10,which is:
400×10
=$4000
Thus the simple interest paid for 10 years is $4000.
Hope it helps!