Use the Simple Interest Formula

question 108

Multiple Choice

Use the simple interest formula.
-Alice invested some money at 11% simple interest. At the end of the year the total amount of her original principal and the interest was $9768. How much did she originally invest?

• A) $968
• B) $107,448
• C) $888
• D) $8800

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Direct Labor-hours

A measure of the total hours worked by employees who are directly involved in the production of goods or services.

Variable Maintenance Costs

Costs that vary in direct proportion to the usage of machinery or equipment, often related to repairs and upkeep.

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