Finite Math Examples

$p = 475$ , $r = 3 \frac{1}{4} %$ , $t = 5$

Step 1

Simple interest is calculated on the original principal only. Accumulated interest from prior periods is not used in calculations for the following periods.

$i = p \cdot r \cdot t$

Step 2

Solve the equation for $i$ .

Tap for more steps...

Step 2.1

Remove parentheses.

$i = p \cdot r \cdot t$

Step 2.2

Multiply $p r$ by $t$ .

$i = p r t$

Step 3

There isn't enough given information to complete the problem.

Not enough information.