SOLUTION: Principle Rate Time $400 14% 1yr Please find the simple interest and simplify

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Question 149611: Principle Rate Time
$400 14% 1yr
Please find the simple interest and simplify
Answer by checkley77(12569) About Me  (Show Source):
You can put this solution on YOUR website!
400(.14)^1
400*.14=$56.00 is the interest.