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Calculate the interest earned by saving $9,000 for five years at 8% simple interest rate. To solve the simple interest problem, what formula do you

Calculate the interest earned by saving $9,000 for five years at 8% simple interest rate. To solve the simple interest problem, what formula do you use? O I = P(1+i)N OI=P(1+i)N-P OF = P(1+i) N OI = PNi

image text in transcribed Calculate the interest earned by saving $9,000 for five years at 8% simple interest rate. To solve the simple interest problem, what formula do you use? I=P(1+i)NI=P(1+i)NPF=P(1+i)NI=PNi

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