Question

The formula commonly used to find simple interest is i = prt.

What is the simple interest if p = 1000, r = 0.05, and t = 1?


a,1001.05
b,1050
c,500
c,50
please help me:(

Answer 1

someone please help me:(

Answer 2

50.

Answer 3

thanks:)

Answer 4

ignore the wording of the question - 'simple interest' is just there to throw you off. extract the numerical information you need and treat is as a simple equation: the variable you are after is i, and it is given that i is equal to the three others multiplied together. i = 1000 x 0.05 x 1 = 50