how do I work this problem simple intrest
I=Prt
P= $54 r=4% and t=9months
6 answers
I = 54 * 0.04 * 0.75
I did this and got 1.62 am I suppose to just end there or divide by another
That's the problem. That's the end of it. You've multiplied P*r*t, what else is left to do?
The interest is $1.62.
I don't mean to be difficult that's what I had also the computer kept saying I was wrong. Sorry for asking
I understand the formula given is to calculate interest, but does the question ask to calculate interest or amount owing?
1 answer