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Mathematics

Answered

Simple interest on a bank loan can be calculated by multiplying the principal times the interest rate times the time. In the
formula 1 -pri, what does / stand for?
a time
c. principal
b. interest rate
d. simple interest
Please select the best answer from the choices provided

Answer :

kudzordzifrancis kudzordzifrancis

Today at 2:38 PM

Answer:

I ---> stands for simple interest

r---> stands for interest rate

p ---> stands for principal

t---> stands for time

Step-by-step explanation:

The simple interest formula is I=prt.

In the formula,

I ---> stands for simple interest

r---> stands for interest rate

p ---> stands for principal

t---> stands for time

I hope this helps you choose the correct option from the complete question.

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