Simple interest to the nearest cent for$4,010 at 5.2
Percent for 4 years
man - just use the formula!
Prt = 4010 * .052 * 4
83408
To calculate simple interest, we use the formula:
Simple Interest = (Principal amount * Interest Rate * Time Period) / 100
In this case, the principal amount is $4,010, the interest rate is 5.2%, and the time period is 4 years.
Plugging these values into the formula:
Interest = (4,010 * 5.2 * 4) / 100
= (83,048) / 100
= $830.48
Since we need to round the interest to the nearest cent, the answer is $830.48.