Question

can somebody help me with this? please







Find the simple interest.

principal = $10,400; rate = 12.5%; time = 11 years


Based on simple interest, find the total amount saved or owed.

principal = $1056; rate = 3.75%; time = 6 years

Answer 1

I=prt

multiply all those values together and you should have your answer hopefully

Answer 2

thank you ;D

Answer 3

keep in mind that rate is used in decimal format, for the multiplication, so 3.75% = \(\bf \cfrac{375}{10000} = 0.0375\)

Answer 4

ok thanks

Answer 5

\(\bf p=1056\qquad rate=3.75\%=0.0375\qquad time=6\ years\\ \quad \\
i=prt\implies i=1056\cdot 0.0375\cdot 6\)