Answer:
$100
Step-by-step explanation:
P is the principal amount, $1000.00.
r is the interest rate, 1% per year, or in decimal form, 1/100=0.01.
t is the time involved, 10....year(s) time periods.
So, t is 10....year time periods.
To find the simple interest, we multiply 1000 × 0.01 × 10 to get that:
:)hope this helps
