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I = prt (simple interest). Find the value of I given that p=300, r=0.14, and t=2
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2 votes
I = prt (simple interest).
Find the value of I given that p=300, r=0.14, and t=2

User Kasia Gogolek
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2 Answers

1 vote
300x0.14=0.42
0.42x2=0.84
User HEX
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6.7k points
3 votes
Hi there, Convert r percent to r a decimal, r=R/100=0.14%/100=0.0014 per year. Now, we have to solve using a equation, the equation is A=300(1+(0.0014*2))=300.84, Therefore, the answer is $300.84
User Keynslug
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6.3k points
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