137k views
4 votes
$ 570 2% 4years simple interest

User Zyzof
by
8.7k points

1 Answer

4 votes
For simple interest, just multiply all of them together

note that 2% = 0.02

570(0.02)(4) = 45.6

simple interest is 45.6

oh and if you need the equation, it is p(r)t, or principle x rate x time

hope this helps
User SivaDotRender
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories