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# 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

• Réponse publiée par: homersoncanceranguiu

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)

• Réponse publiée par: 123gra
I=prt

1. 12,000
2.35.29
• Réponse publiée par: elaineeee
SIMPLE INTEREST Simple interest – refers to the amount earned for one year calculated by multiplying the principal by the interest rate. Only the principal, no more no less, is considered for the computation of interest. This kind of interest is applied for transactions that usually last only for less than a year. It is also important to note that simple interest I is directly proportional to the principal P, interest rate r, and the term t, In symbols I = PRT.

1.I = PRT

P= 10,000; r= 8%, t= 15 months

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

I= 1,000 is the simple interest

2.I = PRT

P= 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 = PRT

P= 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