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This is Simple Interest 7 grade Ratio and Percent Problems
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This is Simple Interest 7 grade Ratio and Percent Problems

This is Simple Interest 7 grade Ratio and Percent Problems-example-1
User MDrollette
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1 Answer

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formula: total = principal x (1 + (interest rate x loan time))

total = 1000 x (1 + (0.055 x 2))

total = 1000 x (1 + 0.11)

total = 1000 x 1.11

total = $1110
User William Niu
by
5.7k points
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