The rate is given as a percent (%). Before using it in the simple interest formula, you must first convert it to a______.
The simple interest formula is I=Prt. The P represents the principal. The principal is ___________________.
43.5% of this skeleton's body is his the mermaid tail. Write that percent as a decimal.
What does the "I" in the interest formula stand for?
This mysterious hand went to the mall and saw a massage chair that he would have to take a loan out to purchase. The total of the loan was $6600. The bank said that he could get a simple interest rate of 8% for 5 years. What is the total amount that the mysterious hand will pay for the chair?
Alexton the Skeleton borrowed $4,000 for 5 years at 6% simple interest rate to pay for his band equipment. How much interest is that?
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
Jerry borrowed $4,000 for 5 years at 6% simple interest rate. What will the value of Jerry's account be after 5 years?
Pennywise puts $300 in a bank account earning 4% interest. How much will he earn in interest in 1 year?
Mr. Pham has $410,000 in a retirement account that earns 3.85% simple interest each year. Determine the amount earned each year by this investment.