Answer:
idt this is right..... sorry if this is wrong...
Step-by-step explanation:
I = $ 8,000.00
Equation:
I = Prt
Calculation:
First, converting R percent to r a decimal
r = R/100 = 200%/100 = 2 per year,
then, solving our equation
I = 1000 × 2 × 4 = 8000
I = $ 8,000.00
The simple interest accumulated
on a principal of $ 1,000.00
at a rate of 200% per year
for 4 years is $ 8,000.00.
