Question

Does anyone know how to do simple interest for 7th grade math? I need a tutorial or an example please, thanks. A question example is $750, 7%, 3 years.

Answer 1

750/100 X 7 = 52.50

52.50 X 3 = $157.50

Explanation:

divide principal amount by 100 then multiply by interest percentage. this gave 52.50

now multiply the interest amount by number of years

in this case 3

52.50 X 3 = $157.50