Respuesta :

irspow
I=Prt,  I=simple interest, P=principal (starting amount), r=interest as a decimal, t =number of times the interest is paid or "time"

For example the simple interest earned on a $1000 deposit earning 4% APR for ten years is:

I=1000(.04)10

I=$400.00
Lieuvan119
I=Prt, I=simple interest, P=principal (starting amount), r=interest as a decimal, t =number of times the interest is paid or "time". Hope it help!

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