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If the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year? simple interest = p × r × t a. $10.50 b. $30.25 c. $105
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9 votes
9 votes
If the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year? simple interest = p × r × t a. $10.50 b. $30.25 c. $105

User Kwame
by
3.2k points

1 Answer

14 votes
14 votes

Answer:

A

Step-by-step explanation:

Prt is the formula to find the simple interest.

The interest rate must be in decimal form.

350 * 1 * 0.03 = 10.5

User RonnieT
by
3.1k points
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