Question

how to simple interest
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Answer 1

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Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.

Answer 2

Answer:

1. Principal x rate x time = interest.
2. $100 x .05 x 1 = $5 simple interest for one year.
3. $100 x .05 x 3 = $15 simple interest for three years.