Anne M. answered • 09/23/19

Reading/writing, GED/TASC/ASVAB Certified, APA/MLA, Computer Literacy

The formula for simple interest is I=prt. In this case, isolate t. i.e.I/pr=t. Remember time will be in months! Subtract the principle from the total investment to find the interest. Convert the rate into a fraction to make it easier to calculate with the principle then divide into the interest. Hope this helps

Anne

Anne M.

09/23/19