Simple interest - Percents

Simple interest


I=PrtI = Prt where II = interest, PP = Principal, rr = interest rate, tt = time (in years)
  • 4.
    Analyze Different Questions relating to Simple Interest

    Nico is graduating high school and he decides to borrow $800 to go on a graduation trip to Las Vegas. He wants to borrow the money at a bank with an annual interest rate of 11% for 2 years.

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Simple interest

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