Answer:
[tex]\boxed{\sf{I=Prt}}[/tex]
Step-by-step explanation:
Here is the formula for simple interest:
[tex]\Longrightarrow:\sf{I=Prt}[/tex]
I hope this helps you! Let me know if my answer is wrong or not.
Answer:
PRT/100
Step-by-step explanation:
To calculate the simple interest of a principle, use PRT/100, where:
Let's solve an example together.
Example (https://brainly.com/question/14162725):
Find the Simple Interest to the nearest cent. $300 at 15% for 14 months.
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Before we find the simple interest, let's convert the time into years.
⇒ 14 months = 1 year 2 months ≈ 1.17 years
To find the simple interest, we will substitute the principle ($300), rate (15%) and time (1.17 years) in PRT/100.
⇒ (P)(R)(T)/100 ⇒ (300)(15)(1.17)/100
⇒ (3)(15)(1.17)
⇒ 45(1.17) = $52.65
Thus, the interest is $52.65.
