He formula commonly used to find simple interest is i = prt.

What is the simple interest if p = 1000, r = 0.05, and t = 1

Question

Guest

21 May, 18:20

+5

Answers (2)

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Trent Chung · Answer 1

I = PRT

P = 1000

R = 0.05

T = 1

now we sub and solve

I = (1000) (0.05) (1)

I = 50 < = = = ur interest is $ 50

Maxim Bolton · Answer 2

Subsitute

p=1000

r=0.05

t=1

I=PRT

I = (1000) (0.05) (1)

I=50

the interest is 50

He formula commonly used to find simple interest is i = prt.What is the simple interest if p = 1000, r = 0.05, and t = 1