asked 137k views
4 votes
$ 570 2% 4years simple interest

asked
User Zyzof
by
8.7k points

1 Answer

4 votes
For simple interest, just multiply all of them together

note that 2% = 0.02

570(0.02)(4) = 45.6

simple interest is 45.6

oh and if you need the equation, it is p(r)t, or principle x rate x time

hope this helps
answered
User SivaDotRender
by
8.6k points
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