jacmad72 jacmad72

01-05-2016
Mathematics

Answered

I = prt (simple interest).

Find the value of I given that p=300, r=0.14, and t=2

Verified Answer :

BossLife123 BossLife123

01-05-2016

Hi there, Convert r percent to r a decimal, r=R/100=0.14%/100=0.0014 per year. Now, we have to solve using a equation, the equation is A=300(1+(0.0014*2))=300.84, Therefore, the answer is $300.84

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mayberyn mayberyn

01-05-2016

300x0.14=0.42
0.42x2=0.84

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