When someone lends money to someone else, the borrower usually pays a fee to the lender. This fee is called 'interest'. 'Simple' interest, or 'flat rate' interest. The amount of simple interest paid each year is a fixed percentage of the amount borrowed or lent at the start. <span>Interest = Principal × Rate × Time</span>
Answer: 3 i hope this is right
Step-by-step explanation:
Answer: 500
Step-by-step explanation:
The reason why it's 500 because it's already been rounded. 500 stays as 500 bc numbers 4 and below goes down to 0 when rounding. When rounding 0-4 with just the ones place it stays the same.
