Question

P = 300 r=7% t=2 what is i

Answer 1

i = 42

Explanation:

I = PRT/100

where I = Simple interest

P = Principal

R = Rate (%)

T = Time (years)

I = (300 x 7 x 2) ÷ 100

I = 4200 ÷ 100

I = 42

Answer 2

42

Explanation:

i = prt

i = 300 × 0.07 × 2

i = 42