Ask Question
27 December, 04:49

How do you do simple interest in math

+3
Answers (1)
  1. 27 December, 06:50
    0
    simple interest:

    principal x (1 + (rate as decimal x number of years))

    example if you put 100 dollars in a bank for 5 years at 5% interest at the end of the 5 years you would have:

    100 x (1 + (0.05 x 5)) = 100 x (1 + (0.25)) = 100 x 1.25 = 125 dollars

    125-100 = 25 dollars interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How do you do simple interest in math ...” in 📘 Mathematics 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