Ask Question
9 June, 15:00

if the principal is $475 and the interest rate is 5 percent, what is the simple interest earned in one year?

+1
Answers (1)
  1. 9 June, 18:03
    0
    I=23.75

    Step-by-step explanation:

    p=475

    r=5%

    I=PRT

    t = 1 year

    I=475*0.05*1

    I=23.75
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “if the principal is $475 and the interest rate is 5 percent, what is the simple interest earned in one year? ...” 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