OpenStudy (anonymous):

If the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year? simple interest = P × r × t

2 years ago
OpenStudy (luffingsails):

You have all that you need to solve the problem. P = 350, r = .03, t = 1 year.

2 years ago
OpenStudy (thedj4jc):

You multiply 350 by .03 and then multiply you results by 1

2 years ago
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