1 In business there is a formula used to find simple

Last updated: 6/16/2023

1 In business there is a formula used to find simple interest on an account The formula is rate x time x principle interest The rate is the percentage rate usually per year and time is in years with principle being the amount of money put into the account originally The interest will be the money earned on the account If I put 80 into an account offering 3 interest per year how much interest would I earn in three years