Question

Find the interest. All rates are annual interest rates. Principal $1,000. Rate 8.5 percent Time 3 year

Answer 1

Answer:

interest is $255

Step-by-step explanation:

Answer 2

Answer:$255

Step-by-step explanation:

Principal(p)=$1000

Rate(r)=8.5%

Time(t)=3years

Simple interest(SI)=?

SI=(pxrxt)/100

SI=(1000x8.5x3)/100

SI=25500/100

SI=$255