Simple Interest Formula I = PRT | Solve Word Problems | Examples | Eat Pi

In this video, I teach you how to solve simple interest problems by using the formula I = PRT. I go over a few different word problem examples.

I = Interest
P = Principal
R = Rate
T = Time

0:00 - Introduction
0:37 - Find the simple interest earned after 3 years on $500 at an interest rate of 6%
2:26 - Find the principal invested if $178 of interest was earned in 2 years at an interest rate of 4%
5:16 - Find the rate if a principal of $8,200 earned $3,772 interest in 4 years

There are a couple playlists attached at the end of the video if you need help with any other topics.

If you have any questions, please leave them in the comment section below! Also, if you find the videos helpful, please like, share, and subscribe!

[jeicelortega]

Thanks a lot but what if the time is 3 years and 6 months?

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[itsyapotato]

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