Respuesta :

Answer:

A=P(1+rt)

Step-by-step explanation:

P=principal amount of money to invest at

r=interest rate in %

t=number of time periods

brainliest?

WatermelonGirl940

Answer:

Interest = prt

Step-by-step explanation:

I = interest ($ [charge] for borrowing)

p = principal ($ amount borrowed)

r = rate (%)

t = time (years)

Ex. $12,000 at 2.5% interest rate for 3 years. What is the interest?

p = $12,000

r = 2.5% (0.025 in decimal form)

t = 3 years

I = prt

I = (12,000)(0.025)(3)

I = 300(3)

I = $900

Interest is $900.

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