Mathematics
felicianaanisti
2015-11-10 07:33:27
he formula commonly used to find simple interest is i = prt. What is the simple interest if p = 1000, r = 0.05, and t = 1
ANSWERS
lilihahn
2015-11-10 08:13:13

I = PRT P = 1000 R = 0.05 T = 1 now we sub and solve I = (1000)(0.05)(1) I = 50 <=== ur interest is $ 50

sushimath
2015-11-10 08:14:28

subsitute p=1000 r=0.05 t=1 I=PRT I=(1000)(0.05)(1) I=50 the interest is 50

ADD ANSWER