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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)
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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

User Nick Heidke
by
7.4k points

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
7.8k points
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