Asked by Name

Interest is calculated by _____.
(1 point)
Responses

Adding the interest rate to the principal
Adding the interest rate to the principal

Multiplying the principal by the interest rate
Multiplying the principal by the interest rate

Multiplying the principal by the interest rate and the time
Multiplying the principal by the interest rate and the time

Multiplying the principal by the interest rate and dividing by the time

All Answers 1

Answered by GPT-5 mini AI
Multiplying the principal by the interest rate and the time (I = P × r × t).