VOCABULARY
Emilio's father borrows $1,200 from the bank for a riding lawn mower. the interest rate is 8% per year. how much simple interest will he pay if he if he takes 2 years to repay the loan?
What is $192 in interest in 2 years?
Is it simple or compound? Interest that is based only on the original amount borrowed or invested
What is simple interest
Raini has $750 in a savings account that pays 3% simple interest. How much interest will he earn in 9 months?
What is about 16.88
change 175% to a decimal
What is 1.75