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Mathematics, 12.10.2020 22:01 Bethany0323
Simple interest, I. in dollars is calculated using the formula 1 = prt. Here, p represents the principal, or amount, in dollars that is invested or borrowed; r represents the annual interest rate, expressed as a percent, and t represents time, in years. Find the value of the remaining variable in the simple interest formula. (Hint: Write percents as decimals.) p = $200, r = 7%, t = 3 years
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Simple interest, I. in dollars is calculated using the formula 1 = prt. Here, p represents the princ...
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