LitGurl09
LitGurl09 LitGurl09
  • 11-04-2017
  • Mathematics
contestada

Can anyone explain to me how to do simple interest?

Respuesta :

livramirez99
livramirez99 livramirez99
  • 11-04-2017
The formula you would use is I=Prt. "I" stand for interest. The "P" stands for Principal Amount. "R" stands for Rate of Interest, and the "T" stands for Time. Whatever information you have plug it into this equation. You would multiply the principle (P) by the rate (R) by the time (T).  
I hope this helps.  
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