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

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

anonymous · Answer

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

anonymous · Answer

thank you ;D

jdoe0001 · Answer

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

anonymous · Answer

ok thanks

jdoe0001 · Answer

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