Answer:
$1900.80
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 9.9%/100 = 0.099 per year,
then, solving our equation
I = 4800 × 0.099 × 4 = 1900.8
I = $ 1,900.80
The simple interest accumulated
on a principal of $ 4,800.00
at a rate of 9.9% per year
for 4 years is $ 1,900.80.
