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Using the formula for simple interest and the given values, find I P= $200; r= 8%; t= 5 years; I=?

Using the formula for simple interest and the given values, find I P= $200; r= 8%; t= 5 years; I=?
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5 votes
Using the formula for simple interest and the given values, find I

P= $200; r= 8%; t= 5 years; I=?

User Sweetnandha Cse
by
7.5k points

1 Answer

2 votes

Answer:

PRT/100.

200*8*5/100

2*8*5

$80

User TBE
by
8.5k points
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