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Q: p = \$300 r = 7% t = 2 What is i? \$4.20 \$42.00 \$420.00
A: This is a simple interest problem. The formula for calculating simple interest is principle (P) * Interest rate (R) * Time in years (T). P * R * T \$300 * .07 * 2 = \$42 interest
Original conversation
User: p = \$300 r = 7% t = 2 What is i? \$4.20 \$42.00 \$420.00

Weegy: This is a simple interest problem. The formula for calculating simple interest is principle (P) * Interest rate (R) * Time in years (T). P * R * T \$300 * .07 * 2 = \$42 interest
shifa saleheen|Points 3609|

User: p = \$14,300 r = 7 1/2% t = 4 What is i? \$4.29 \$429.00 \$4,290.00

Weegy: This is a simple interest problem. The formula for calculating simple interest is principle (P) * Interest rate (R) * Time in years (T). P * R * T \$300 * .07 * 2 = \$42 interest
shifa saleheen|Points 3609|

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