Mathematics
mayzie11
2021-02-23 14:27:27
I=prt for t I=105 p=700 and r=0.05
ANSWERS
Dontknowme2003
2021-02-23 19:29:28

t = 3    Simple interest will be derived by multiplying the principal, the interest rate, and the term. Interest = Principal x Rate x Term Interest = 105 Principal = 700 Rate = 0.05 Term = ? Based on the Simple Interest formula,  term = Interest / principal x rate term = 105 / (700 x 0.05) term = 105 / 35 term = 3

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