answersLogoWhite

0


Best Answer

This was answered by a 6th grader.

Example-

Principal - 100

Intrest Rate - 5%

Time in years - 3

100 x .05 = 5

5 x 3 = 15

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
TaigaTaiga
Every great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga

Add your answer:

Earn +20 pts
Q: What is simple intrest?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you solve simple interest?

simple intrest=ptr/100: simple intrest=ptr/100:


What is the difference between simple and compound interest?

Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.


What kind of interest a person can have?

We have two kinds of intrest 1- Simple intrest 2- Compond inrest


The amount paid or earned for the use of money?

simple intrest


What is a intrest?

an intrest is a group of people you like and hang out.


if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html


What are McCain's-interests?

His intrest is becoming president His intrest is becoming president


What are special-intrest groups?

special intrest groups are groups in the government


What are special intrest groups?

special intrest groups are groups in the government


If you invested 300 at 4 intrest for 3 years how much simple intrest will you earn?

Simply multiply the capital, the number of years, and the interest rate. Note: Presumably, the interest rate is a percentage, so you can express it as 0.04 or as 4/100.


What did Babe Ruth give?

He gave entertainment, hope, intrest in baseball, and intrest in his personal life


Where can you find information about savings interest rates?

There are alot of places you can find information about saving intrest rates. TV, internet, but the best thing to do would be to ask your bank. That simple.