Mathematics, 29.01.2021 01:40, RazyTRC

To find simple interest, you multiply the principal (in dollars), the interest rate (as a decimal), and the time in years. The equation 24 = 400 0.015 4 shows how to find the simple interest for a certain account after 4 years. What is the interest rate (as a percent)? How much is the simple interest? What is the principal?

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To find simple interest, you multiply the principal (in dollars), the interest rate (as a decimal),...