Question

Given that simple interest is given by the formula I = prt, what is the value of I if p = 500, r = 1 20 , and t = 4? A) 50 B) 100 C) 125 D) 250

Answer 1

I = prt

I = (500)(1/20)(4)

I = 25 * 4

I = 100

Answer choice: B, I = 100

Answer 2

B) 100

Explanation:

I = prt

p = 500

r = 1/20

t = 4

I = 500 * 1/20 * 4

I =100