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What is the simple interest rate the principle is $135 annual rate 4.3% time 30 months​

User Wu Wei
by
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1 Answer

5 votes

Answer:

let

i=interest

p=principle

t=time

r=rate

given that

p=$135

r=4.3%

t=30months

i=?

from the formula

i=prt

i=135×(4.3/100)×30

i=135×0.043×30

i=$174.15

therefore interest is $174.15

User MeTTeO
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5.6k points