Answer :
The simple interest formula is :
[tex]A=P(1+rt)[/tex]where A = Ending balance
P = principal amount
r = interest rate
t = time in years
From the problem,
P
The simple interest formula is :
[tex]A=P(1+rt)[/tex]where A = Ending balance
P = principal amount
r = interest rate
t = time in years
From the problem,
P