Answer:
Simple interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments.
Step-by-step explanation:
Principal x rate x time = interest.
$100 x .05 x 1 = $5 simple interest for one year.
$100 x .05 x 3 = $15 simple interest for three years.
Answer:
True
Step-by-step explanation:
Answer:
-24+12(d-3)+22=-24+34(d-3)
10(d-3)
10d=-30
d=-30/10
d=3
