Mathematics

Question

Find the simple interest: Principal: $1750 Interest Rate: 2% Time: 9 years

2 Answer

  • Answer:

    2,065.00

    Step-by-step explanation:

  • Answer:

    315

    Step-by-step explanation:

    To find simple interest you multiply all your numbers together.

    But before you do anything you need to convert your interest rate into a decimal (you move the decimal two times to the left or divide it by 100)

    Therefore , you will multiply 1750 * .02 * 9

    which equals 315

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