Seudónimo
Seudónimo
20-04-2017
Mathematics
contestada
how do you find simple interest?
Respuesta :
irspow
irspow
20-04-2017
I=Prt, I=simple interest, P=principal (starting amount), r=interest as a decimal, t =number of times the interest is paid or "time"
For example the simple interest earned on a $1000 deposit earning 4% APR for ten years is:
I=1000(.04)10
I=$400.00
Answer Link
Lieuvan119
Lieuvan119
20-04-2017
I=Prt, I=simple interest, P=principal (starting amount), r=interest as a decimal, t =number of times the interest is paid or "time". Hope it help!
Answer Link
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