Complete the table by finding the simple interest earned.
$\begin{array} { | l | l | l | l | }
\hline \text { Principal } & \text { Rate } & \text { Time } & \text { Interest earned } \
\hline \$ 19,000 & 4 \% & 5 \text { yrs } & ? \
\hline
\end{array}$
A) $38,000
B) $380,000
C) $3,800
D) $38
E) $380

Question

Complete the table by finding the simple interest earned.
$\begin{array} { | l | l | l | l | } 
\hline \text { Principal } & \text { Rate } & \text { Time } & \text { Interest earned } \
\hline \$ 19,000 & 4 \% & 5 \text { yrs } & ? \
\hline
\end{array}$
A) $38,000
B) $380,000
C) $3,800
D) $38
E) $380

Quizplus · Accepted Answer

To find the simple interest earned, we use the formula:

$ 	ext{Simple interest = Principal} 	imes 	ext{Rate} 	imes 	ext{Time} $

Plugging in the values given, we get:

$ 	ext{Simple interest} = \$19,000 	imes 0.04 	imes 5 = \$3,800 $

Therefore, the answer is choice C, $3,800.

Complete the Table by Finding the Simple Interest Earned A) $38,000 B) $380,000 C) $3,800 D) $38 E) $380

Complete the Table by Finding the Simple Interest Earned A) $38,000
B) $380,000
C) $3,800
D) $38
E) $380