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PSYCHO15rus [73]
4 years ago
15

Find the simple interest earned to the nearest cent for each principal, interest rate, and time. $750, 7%, 3 years

Mathematics
2 answers:
Zanzabum4 years ago
6 0
750 x 3 x7 hope that helps
777dan777 [17]4 years ago
3 0
This one is easy! You just divide the original amount by 100 (move the decimal point over two places)

750 / 100 = 7.5

Now you multiply that by the interest rate, which in this case is 7.

7.5 x 7 = 52.5

Now finally, you multiply that by the amount of years. In this case, 3.

52.5 x 3 = 157.5

That would be the amount added after three years! Remember, this is simple interest. Compound interest is a little more complex.
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