40.6k views
5 votes
5.

I DON'T
The rate is given as a percent (%). Before using it in the
SUFFER FROM simple interest formula, you must first convert it to a
INSANITY.
I ENJOY
EVERY
MINUTE OF IT
I a) fraction
b) decimal
c) ratio
. d) dollar amount

1 Answer

5 votes
The formula for simple interest is (SI)= PxTxR/100
So you need to turn the percentage into a fraction so you have the rate as r/100
User Annon
by
7.9k points