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Nastasia [14]
3 years ago
12

How do you do simple interest in math

Mathematics
1 answer:
Kay [80]3 years ago
7 0

simple interest:

principal x ( 1 + (rate as decimal x number of years))

 example if you put 100 dollars in a bank for 5 years at 5% interest at the end of the 5 years you would have:

100 x (1+(0.05 x 5)) = 100 x (1+(0.25)) = 100 x 1.25 = 125 dollars


125-100 = 25 dollars interest

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