Use the formula for simple interest to answer the question. I = p XrX 1, where p is the initial deposit, r is the interest rate, and is the time in years.
John put $3,000 in his savings at 2% annually for 3 years.
What did he earn in simple interest?

Ricky takes out a $31,800 student loan to pay his expenses while he is in college. after graduation, he will begin making payments of $190.66 per month for the next 30 years to pay off the loan. how much more will ricky end up paying for the loan than the original value of $31,800? ricky will end up paying $ more than he borrowed to pay off the loan.

A10 inch cookie cake is divided into 8 slices. what is the area of 3 slices

Do xuan nam isgoing to invest $1000 at a simple interest rate of 4% how long will it take for the investment to be worth $1040?