Rachel wanted to find the interest earned if she invested the principle amount of $10,000 at an 6% rate for 8 years. She used the formula / = PRT to calculate her interest. Determine if she found the...

Rachel wanted to find the interest earned if she invested the principle amount of $10,000 at an 6% rate for 8 years. She<br>used the formula / = PRT to calculate her interest. Determine if she found the correct interest value. If not, distinguish<br>where she made her mistake and find the correct interest for Rachel.<br>| = PRT<br>| = ?, P = 10,000,R = 6,T=8<br>|= (10000)(6)(8)<br>%D<br>| = 480,000<br>Interest is $480,000.<br>Use the paperclip button below to attach files.<br>XDEB IU<br>MacBook Air<br>DD<br>DII<br>F10<br>F9<br>000<br>000<br>F8<br>吕0<br>F6<br>F7<br>II I<br>

Extracted text: Rachel wanted to find the interest earned if she invested the principle amount of $10,000 at an 6% rate for 8 years. She used the formula / = PRT to calculate her interest. Determine if she found the correct interest value. If not, distinguish where she made her mistake and find the correct interest for Rachel. | = PRT | = ?, P = 10,000,R = 6,T=8 |= (10000)(6)(8) %D | = 480,000 Interest is $480,000. Use the paperclip button below to attach files. XDEB IU MacBook Air DD DII F10 F9 000 000 F8 吕0 F6 F7 II I

Jun 05, 2022

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Rachel wanted to find the interest earned if she invested the principle amount of $10,000 at an 6% rate for 8 years. She used the formula / = PRT to calculate her interest. Determine if she found the...

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