What factors determine the amount of simple interest earned on a fixed principal? Group of answer choices A. time and rate B. time and your age C. time and your education D. Number of bank accounts that you own

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
icon
Related questions
icon
Concept explainers
Topic Video
Question

What factors determine the amount of simple interest earned on a fixed principal?

Group of answer choices
A. time and rate
B. time and your age
C. time and your education
D. Number of bank accounts that you own
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL