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Find the interest. All rates are annual interest rates. Principal $1,000. Rate 8.5 percent Time 3 year
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Find the interest. All rates are annual interest rates. Principal $1,000. Rate 8.5 percent Time 3 year

User Kirill Salykin
by
5.6k points

2 Answers

6 votes

Answer:$255

Explanation:

Principal(p)=$1000

Rate(r)=8.5%

Time(t)=3years

Simple interest(SI)=?

SI=(pxrxt)/100

SI=(1000x8.5x3)/100

SI=25500/100

SI=$255

User Tom Netzband
by
6.1k points
2 votes

Answer:

interest is $255

Explanation:

Find the interest. All rates are annual interest rates. Principal $1,000. Rate 8.5 percent-example-1
User Findiglay
by
6.0k points
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