Ask Question
30 January, 14:58

The formula I = prt, where p stands for principal, r represents rate, and t represents time in years. Example: If you put $100 (p) in an savings account with a 2% interest rate (r) for 1 year (t), this is the formula you would use to see how much money you would make.?

+1
Answers (1)
  1. 30 January, 16:34
    0
    Answer: $2

    Explanation:

    The formula for simple interest = I = prt

    I = $ 100 * 0.02 * 1 = $2

    At the end of one year, $2 would be made.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The formula I = prt, where p stands for principal, r represents rate, and t represents time in years. Example: If you put $100 (p) in an ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers