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

The total interest after 10 years is $10.

Step-by-step explanation:

Formula

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 = $10

Therefore the total interest after 10 years is $10.

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