Question

find simple interest when rate is in decimals​

Answer 1

Answer:

I = P × r, where I is the amount of interest you'll pay, P is the principal, and r is the interest rate expressed as a decimal.

Answer 2

Answer:

Here is your answer

Step-by-step explanation:

Simple Interest Formulas and Calculations:

Calculate Interest, solve for I. I = Prt.

Calculate Principal Amount, solve for P. P = I / rt.

Calculate rate of interest in decimal, solve for r. r = I / Pt.

Calculate rate of interest in percent. R = r * 100.

Calculate time, solve for t. t = I / Pr.