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8 June, 07:12

I = prt (simple interest).

Find the value of I given that p=300, r=0.14, and t=2

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Answers (2)
  1. 8 June, 07:22
    0
    300x0.14=0.42

    0.42x2=0.84
  2. 8 June, 07:32
    0
    Hi there, Convert r percent to r a decimal, r=R/100=0.14%/100=0.0014 per year. Now, we have to solve using a equation, the equation is A=300 (1 + (0.0014*2)) = 300.84, Therefore, the answer is $300.84
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