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OpenStudy (anonymous):
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:(
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OpenStudy (anonymous):
someone please help me:(
OpenStudy (anonymous):
50.
OpenStudy (anonymous):
thanks:)
OpenStudy (anonymous):
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
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