Question

Which equation represents the total interest, T, earned when the principal amount is $100, the annual simple

Answer 1

Answer:

The answer is option (C), T = 100 • 0.1 • 10

Step-by-step explanation:

Total interest (T) earned after a 10 years can be expressed as;

Total interest (T)=Principal amount×interest rate×Number of years

where;

Total interest=T

Principal amount=$100

Interest rate=10%=10/100=0.1

Replacing;

T=100×0.1×10

The equation for calculating the total interest amount after 10 years can be written as;

T = 100 • 0.1 • 10

Answer 2

Answer:

c

Step-by-step explanation: