I = prt (simple interest).

Find the value of I given that p=300, r=0.14, and t=2

Question

Mathematics

Morgan Yang

6 June, 09:28

I = prt (simple interest).

Find the value of I given that p=300, r=0.14, and t=2

+3

Answers (2)

Know the Answer?

Dakota Fitzpatrick · Answer 1

Dakota Fitzpatrick 6 June, 12:04

0

300x0.14=0.42

0.42x2=0.84

Draven Edwards · Answer 2

Hi there, Convert r percent to r a decimal, r=R/100=0.14%/100=0.0014 per year. Now, we have to solve using a equation, the equation is A=300 (1 + (0.0014*2)) = 300.84, Therefore, the answer is $300.84

I = prt (simple interest).Find the value of I given that p=300, r=0.14, and t=2

I = prt (simple interest).

Find the value of I given that p=300, r=0.14, and t=2