Question

find the simple interest earned to the nearest cent for principal interest rate and time $570, 6% , 1 year

Answer 1

$34.20

Explanation:

P is the principal amount, $570.00.

r is the interest rate, 6% per year, or in decimal form, 6/100=0.06.

t is the time involved, 1....year(s) time periods.

So, t is 1....year time periods.

To find the simple interest, we multiply 570 × 0.06 × 1 to get that:

:) hope this helps