SOLUTION: If by mistake I have not before, I will thank all responds to my post:) <br> Compute the interest. Round to the nearest cent. Prinipal = $100 Rate = 10% per year T

Algebra ->  Algebra  -> Finance -> SOLUTION: If by mistake I have not before, I will thank all responds to my post:) <br> Compute the interest. Round to the nearest cent. Prinipal = $100 Rate = 10% per year T      Log On

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Question 202278: If by mistake I have not before, I will thank all responds to my post:)


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

Answer by jojo14344(1512) About Me  (Show Source):
You can put this solution on YOUR website!


Simple Interest Calculation: I=PRT

I=%28100%29%280.10%29%281%29
red%28I=10%29, interest in 1 year (Answer)

Thank you,
Jojo