Question

I = prt (simple interest).
Find the value of I given that p=300, r=0.14, and t=2

Answer 1

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

Answer 2

300x0.14=0.42
0.42x2=0.84