Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

I am trying to fill in a table for simple interest. I know the basic formula but can't do it unless I know interest,principal,tome, but not if one of those things is missing

Sagot :

pinkster104
The formula for simple interest is Interest= Principle·Rate·Time If one of these is missing, just plug in what you know. For example, if time if the principle is missing just plug in the rest. Say the interest is $264, the rate is 6% and the time is 2 years. When its plugged it, it looks like this: 264= P ·0.06·2 Now you can work it out 0.06·2 is 0.12 so 264=P 0.12. Just divide by 0.12 and your done! You can do this with any letter and just put in the info you know. I hope that this helps you! :)
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.