# Principal (p) rate (r) time (t) (in years) interest (i)

10,000.00 8% 15 answer

answer

2% 5 10,000.00

360,000.00 answer

2 3,600.00

500,000.00 10.5% answer

175,000.00

880,000.00 9.25% 2.5

Answers: 3

## Answers

Principal (p) rate (r) time (t) (in years) interest (i) 10,000.00 8% 15 answer answer 2% 5 10,000.0...

In order to get the Interest, you need to multiply the Principal, Rate in Decimal, and Time in Years: I = Prt.

Using the formula, we fill in the blanks in the table:

1. Principal = 10,000; Rate = 8%; Time = 15 years

12,000 (Interest)

2. Rate = 2%; Time = 5 years; Interest = 10,000

100,000 (Principal)

3. Principal = 360,000; Time = 2 years; Interest = 3,600

0.5% (0.005) (Rate)

4. Principal = 500,000; Rate = 10.5%, Interest = 175,000

3.33 years (Time)

5. Principal = 880,000; Rate = 9.25%; Time = 2.5 years

203,500 (Interest)

1. 12,000

2.35.29

Read the details about simple interest in

1.I = PRTP= 10,000; r= 8%, t= 15 months

I= 10,000( 0.08) (15/12)

I= 1,000 is the simple interest

2.I = PRTP= 10,000; r= 2%; t = 5 years

I= 10,000(0.02)(5)

I= 1,000

3.I = PRT

P= 360,000; r= 0; t= 0

I= 360,000(0)(0)

I = 0

4.I = PRTP= 23, 600; r=0 ; t=0

I= 23,600(0)(0)

I = 0

5.I= PRT

P= 500,000; r= 10.5% t=0

I= 500,000 (0.105)(0)

I= 0

6.I= PRT

P= 175,000; r= 0 ; t= 0

I= 175,000( 0)(0)

I= 0

7.I= PRT

P= 880,000; r= 9.25% t= 2.5

I= 880,000(0.0925)( 2.5)

I = 203,500

Read the details about simple interest in

Read the details about the formula of simple interest in