Register

Find the amount of simple interest:I=PxRxT $1,600 at 3% for 1 year

Find the amount of simple interest:I=PxRxT $1,600 at 3% for 1 year
asked 62.3k views
9 votes
Find the amount of simple interest:I=PxRxT

$1,600 at 3% for 1 year

asked
User Patrick Robertson
by
7.4k points

1 Answer

7 votes
I=PRT, P=$1600 R=3% T=1yr
=1600x(3/100)x1
= $48.00
answered
User Idrees Khan
by
8.5k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!