Homework Help: Simple interest

Posted by Alex L. on Saturday, November 5, 2011 at 8:47pm.

Find the interest. Round to the nearest cent in necessary.

Principal - $178
Rate - 4%
Time in months - 12

Simple interest - Ms. Sue, Saturday, November 5, 2011 at 8:57pm
Is 4% a yearly or monthly interest?
Simple interest - Writeacher, Saturday, November 5, 2011 at 8:58pm
http://www.aaamath.com/g84-simple-interest.html

Read the 2nd paragraph carefully.

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