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:

Simple Interest = (Principal)(Rate)(Time)

Plugging in the values given, we get:

Simple Interest = ($19,000)(0.04)(5) = $3,800

Therefore, the correct choice is C.

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