SOLUTION: Compute the interest. Round to the nearest cent. Prinipal = $100 Rate = 10% per year Time = 1 Year Interest = ____10000_

Algebra ->  Algebra  -> Finance -> SOLUTION: Compute the interest. Round to the nearest cent. Prinipal = $100 Rate = 10% per year Time = 1 Year Interest = ____10000_      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   


Question 202181: Compute the interest. Round to the nearest cent.
Prinipal = $100
Rate = 10% per year
Time = 1 Year
Interest = ____10000_

Found 2 solutions by rfer, maria 2011:
Answer by rfer(10417) About Me  (Show Source):
You can put this solution on YOUR website!
i=.10P
i=.10(100)
i=$10

Answer by maria 2011(1) About Me  (Show Source):