Question

$300 at 5% annual interest for 7 years.

Find the simple interest earned in the account.

Answer 1

@Hero

Answer 2

The formula for simple interest is

I = PRT where

I = interest earned
P = starting principle
R = percent rate (in decimal form)
T = Time (in years)

Answer 3

hey @Hero thanks and the thing I said earlier that im 11 im actually 14 my friend dared me to do it sorry 'bout that