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15 November, 06:49

He formula commonly used to find simple interest is i = prt.

What is the simple interest if p = 1000, r = 0.05, and t = 1

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Answers (2)
  1. 15 November, 06:58
    0
    I = PRT

    P = 1000

    R = 0.05

    T = 1

    now we sub and solve

    I = (1000) (0.05) (1)

    I = 50 < = = = ur interest is $ 50
  2. 15 November, 07:00
    0
    Subsitute

    p=1000

    r=0.05

    t=1

    I=PRT

    I = (1000) (0.05) (1)

    I=50

    the interest is 50
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