samanthamreyes samanthamreyes

22-01-2019
Mathematics

contestada

HURRY 10 POINTS I NEED THIS FOR AN ASSINEMENT

What is the formula for finding simple interest? Please explain the meaning of each of the variables in the formula.

Respuesta :

haolife haolife

01-04-2021

Answer:

A = P(1 + rt)

Step-by-step explanation:

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)

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