3 years ago

640,3%,2 year simple interest earned to the nearest cent for each principal interest rate and time

1 answer:

4 0

Simple interest = $38.4

Solutions
Simple interest, I = principal x rate x time
Principal = $640
Time = 2 years
Rate = 3% = 3/100 = 0.03
Remember, always divide your rate in percent by 100.
Don't forget to read the question and approximate correctly.

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