SOLUTION: find simple intrest of the 200000 is deposit for 4 year at rate of 12%

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: find simple intrest of the 200000 is deposit for 4 year at rate of 12%      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 561015: find simple intrest of the 200000 is deposit for 4 year at rate of 12%
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
find simple intrest of the 200000 is deposit for 4 year at rate of 12%
-----
I(t) = Prt
---
I(4) = 200,000*0.12*4 = $96,000
==================================
Cheers,
Stan H.
================