F the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year?

Question

asked Jan 18, 2019 195k views

1 Answer

Muggin · Answer 1 · 2019-01-24T07:30:46+0000

Answer:

$10.50

Explanation:

The formula is Balance= Principle (starting amount) x Time x Interest rate. 350 x .03 x 1 is $10.50.