Question

Find the simple interest you are investing $200 with a 5.2% interest rate of 3 years

Answer 1

3,120

Explanation:

Simple Interest= PRT / 100

= 200*5.2*3

= 1,040*3

= 3,120

Hope it is useful

Answer 2

Explanation:

Simple interest is

I=Prt, where I= interest, P=principle (initial value), r=interest rate, t=time

I=200(0.052)3

I=$31.20