Question

OMG! Having trouble... could someone plz help? (I don't want answer)

Find the simple interest.

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

Answer 1

Could someone please explain it?

Answer 2

\[\huge SI = \frac {PNR}{100} =\frac {10,400 \times 12.5 \times 11}{100}\]
\[\huge SI = \frac {PNR}{100} = {10,4 \times 12.5 \times 11}=14300\]
Hence Simple interest = 14300 dollars..

Answer 3

@dpasingh ?? plz explain it. I don't get what u put ;(

Answer 4

@ganeshie8 PLZ PLZ PLZ PLZ PLZ PLZ PLZ HELP!!! :D

Answer 5

First change 12.5% into a decimal, 0.125.

Then multiply by 10,400 by 0.125 when it says simple interest.

Answer 6

When it says the total amount saved/owed do the same but also multiply by the number of years and add them together.

Answer 7

Here P = 10,400 (Principal amount)
N= 11 years (time )
R= 12.5 % ( rate of interest)

Answer 8

@RebeccaPink6398

Answer 9

grrr..I still don't get it :(

Answer 10

12.5% as a decimal is 0.125, so multiply 0.125 x 10,400.

Answer 11

=1300

Answer 12

Good. :) So is that one of the answers?

Answer 13

YES :D

Answer 14

@Denisekay ... how about this one? How do I do it?
Based on simple interest, find the total amount saved or owed.

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

Answer 15

Yay! :D

Just make sure if it says total amount multiply the principal by the rate and the time then add them together.

Answer 16

3.75% = 0.0375

Answer 17

@Denisekay I don't get it :(

Answer 18

Don't get what? :(

Answer 19

I don't get how to do it D:

Answer 20

1,056 x 0.0375 = 39.6
1,056 x 6 = 6336

39.6 + 6336 = 6375.6