Don invests $12,000 into an account that pays 8.25% simple interest. How much interest does his account earn after 4 years?

$3960

Step-by-step explanation:

Given parameters:

Principal = $12,000

Simple interest  = 8.25%

Time  = 4yrs

Unknown:

Interest earned  = ?

Solution:

To solve this problem, we have to use the simple interest formula shown below:

 Simple interest  =

P is the principal

R is the rate

T is the time

Now insert the parameters and solve;

  Simple interest  =   = $3960

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50*10 is greater

step-by-step explanation:

if you add the zero from 10 to 50, it will give you a bigger number.