Find the amount of simple interest earned after 4 years on $500 invested at a 3% annual interest rate. (P * r * t )

Question

anonymous · Answer

$$SI= P \times R \times T$$
just as you wrote in your question....

anonymous · Answer

SI=Simple Interest
P=Principal
R=Rate
T=Time

nathan917 · Answer

P = $500      r = 4% =.04      t = 3 yrs                                   
	
                    I = PRT

                     I  =($500)(.04)(3)
 I  =$60

anonymous · Answer

So P= 3% x R= $500 x T= 4 years ?

anonymous · Answer

look at nathan917's working and you would understand it better.....