jacmad72 jacmad72
  • 01-05-2016
  • Mathematics
contestada

I = prt (simple interest).
Find the value of I given that p=300, r=0.14, and t=2

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BossLife123
BossLife123 BossLife123
  • 01-05-2016
Hi there, Convert r percent to r a decimal, r=R/100=0.14%/100=0.0014 per year. Now, we have to solve using a equation, the equation is A=300(1+(0.0014*2))=300.84, Therefore, the answer is $300.84
Answer Link
mayberyn
mayberyn mayberyn
  • 01-05-2016
300x0.14=0.42
0.42x2=0.84
Answer Link

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