select the correct answer.\nsimple interest = p × r × t\nif the principal is $200 and the interest rate is 4…

select the correct answer.\nsimple interest = p × r × t\nif the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?\na. $8\nb. $50\nc. $800

select the correct answer.\nsimple interest = p × r × t\nif the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?\na. $8\nb. $50\nc. $800

Answer

Explanation:

Step1: Identify values

$P = 200$, $r=0.04$ (since 4% = 0.04), $t = 1$

Step2: Substitute into formula

Simple interest $=P\times r\times t=200\times0.04\times1$

Step3: Calculate result

$200\times0.04\times1 = 8$

Answer:

A. $8