Respuesta :

Problem 1

i = P*r*t

i = 8000*0.04*5

i = 1600 is the amount of simple interest

Answer: 1600

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Problem 2

B = P + i

B = 8000 + 1600

B = 9600

Another way to get this value is to compute P*(1+rt)

Answer: 9600

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