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Svetach [21]
3 years ago
12

If I earn 3% simple interest for 10 years on $500, I will earn:

Mathematics
1 answer:
valina [46]3 years ago
7 0

Answer:

$150

Step-by-step explanation:

Simple interest for any principal amount p , rate of interest r and time t is given by

Simple interest = (p*r*t)/100

_________________________________

Given

p =$500

r = 3%

t = 10 years

Therefore SI = $500*3*10/100 = $150.

$150 is earned in 10 years at 3% simple interest on $500.

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We are told to use j as the original price of the jeans, so we can set up the expression:


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Then to simplify, we simply take out j as a common factor, and solve what's in the parentheses:


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I think

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Step-by-step explanation:

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