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Rus_ich
[418]
2 years ago
13
I=prt for t I=105 p=700 and r=0.05
Mathematics
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answer:
Pachacha
[2.7K]
2 years ago
7
0
t = 3
Simple interest will be derived by multiplying the principal, the interest rate, and the term.
Interest = Principal x Rate x Term
Interest = 105
Principal = 700
Rate = 0.05
Term = ?
Based on the Simple Interest formula,
term = Interest / principal x rate
term = 105 / (700 x 0.05)
term = 105 / 35
term = 3
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