SOLUTION: Find the value of I given that p=500, r=0.11, and t=2

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Question 655198: Find the value of I given that p=500, r=0.11, and t=2
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
If you're talking about simple interest then

I = p*r*t

I = 500*0.11*2

I = 110