Find the simple interest:
$1,000, 5%, 2 years
2 answers:
Answer:
si= prt÷100 =100rs.....do tell me if my answer is right then thank and mark me as brainlist
9514 1404 393
Answer:
$100
Step-by-step explanation:
The interest formula is useful.
I = Prt
where P is the principal, r is the annual rate, and t is the number of years.
Using your numbers, this is ...
I = $1000×0.05×2 = $100
The simple interest is $100.
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