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How to calculate Simple Interest
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Learn how to calculate simple interest. The simple interest formula is Interest equals principle times rate times time.
Example problems, Cathy invested $5000 at a rate of 12.5 % for 5 years. How much did her money grow ?
Sarah took out a loan for $15,000 at a rate of 3.5% for 25 years. What is the total amount she will pay on her loan?
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Example problems, Cathy invested $5000 at a rate of 12.5 % for 5 years. How much did her money grow ?
Sarah took out a loan for $15,000 at a rate of 3.5% for 25 years. What is the total amount she will pay on her loan?
For more Math help visit our website
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