Question

Mrs. Sing invest $12,876 for her business at an annual interest rate of 7 percent for 3 years. Which number will mrs. sing substitute for r in the simple interest formula?

Answer 1

Answer:

The number that she will substitute is 7

Explanation:

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Answer 2

The number that she will substitute is 7

Explanation:

Mathematically, simple interest can be calculated using the formula ;

S.I = PRT/100

where P is the principal which is the amount invested = $12,876

T is the time which is 3 years

and R is the rate which is 7%