Mathematics: Which equation represents the total interest, t, earned when the principal amount is 100 $, the annual simple interest rate is 1%, and the number of years is 10

Which equation represents the total interest, t,

lachereyon11

10.03.2022

The total interest after 10 years is $10.

Step-by-step explanation:

Formula

$Simple\ interest = \frac{Principle\times Rate\times Time}{100}$

As given

when the principal amount is $100, the annual simple interest rate is 1%, and the number of years is 10.

Principle = $100

Rate = 1%

Time = 10 years

Simple interest = T

Put in the formula

$T = \frac{100\times 1\times 10}{100}$

$T = \frac{1000}{100}$

T = $10

Therefore the total interest after 10 years is $10.

0,0(0 оценок)