Sign In
Ask Question
Mathematics
Cale Dougherty
16 November, 19:46
Simple interest is best defined as
+1
Answers (
1
)
Grace Kline
16 November, 22:52
0
Simple Interest: The amount paid or earned for the use of money.
Step-by-step explanation:
To find simple interest, you can use this formula, I = prt. This stands for;
Interest = principal X interest rate X time.
Principal: The amount of money borrowed or deposited
Annual Interest rate (r) : Will be a %, but you need to write the % as a decimal.
Time: Written in years. If your time is given in months, then you divide the number of months by 12.
When you multiply all three of these together, you get the Simple interest.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“Simple interest is best defined as ...”
in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
How many acres are there in the W 1/2 of the S 1/2 of the SW 1/2 of a section of land?
Answers (1)
A 1/4 lb package of sunflower seeds cost 79cents. An 8 ounces package cost 1.59. Which package represents the lower cost per ounce
Answers (1)
A student takes ten exams during a semester and receives the following grades: 90, 85, 97, 76, 89, 58, 82, 102, 70, and 67. Find the five-number summary used in a boxplot.
Answers (1)
What is. 8 percent of 2000
Answers (1)
If there are 210 student and only 46 students get a permission slip to holiday hills what is the percent of the student who did not receive permission slips?
Answers (1)
New Questions in Mathematics
Because of traffic a bus took 30 minutes to cover 20 city blocks. How many minutes per city block did the bus move?
Answers (2)
Move the sliders to change the slope and y-intercept. Create an equation to produce the correct line of travel.
Answers (2)
What does the Fair and Accurate Credit Transactions Act provide for consumers?
Answers (1)
2sqrt (5x-4-3=-11) A) roots B) no roots
Answers (1)
The volume, Q, of a sound is inversely proportional to the square of the distance n, in meters, from the source of the sound. A sound is heard at 83 decibels at a distance of 12 meters from its source.
Answers (1)
Home
»
Mathematics
» Simple interest is best defined as
Sign In
Sign Up
Forgot Password?