Question

Write an equation to find the amount of interest $450,000 earns in 1 year at a simple interest rate of 3.5%.

Answer 1

Answer:

The required equation for the amount of Simple Internet = $\frac{450,000 \times 1 \times 3.5}{100}$

Step-by-step explanation:

Here , Principal amount = $450,000

Time  = 1 year

Rate of Interest = 3.5%

Now,SIMPLE INTEREST  = $\frac{P \times R \times T}{100}$

So, here SI  = $\frac{450,000 \times 1 \times 3.5}{100}$

Hence, the required equation for the amount of Simple Internet = $\frac{450,000 \times 1 \times 3.5}{100}$

Answer 2

I think it's 450,00x3x1/100?? Not so sure...