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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? 1001.05 1050 500 50
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OpenStudy (anonymous):
i got 50.
OpenStudy (anonymous):
The formula you have type is wrong. It must s.i. = prt/100 so by this formula the ans would be 0.5
OpenStudy (anonymous):
um.. i didnt even type it. And when i worked it all out just the way it gives me, it came out as 50.
OpenStudy (anonymous):
\[1000\times0.05\times1=50\]
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