SOLUTION: I am having trouble its about find the simple interest please help here is the problem. The principal is $200.00 rate of interest is 8% and in time it is 1yr and I need to find th

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: I am having trouble its about find the simple interest please help here is the problem. The principal is $200.00 rate of interest is 8% and in time it is 1yr and I need to find th      Log On


   

Question 17323: I am having trouble its about find the simple interest please help here is the problem. The principal is $200.00 rate of interest is 8% and in time it is 1yr and I need to find the interest.
please help
amy kessler
Answer by rapaljer(4671) About Me  (Show Source):
You can put this solution on YOUR website!
P = $200
R= 8% = .08
T= 1 year

I= PRT
I= $200*.08*1= $16

R^2 at SCC