Find the Simple Interest Received p=1000 , r=5% , t=2

Math
, ,
Simple interest is calculated on the original principal only. Accumulated interest from prior periods is not used in calculations for the following periods.
Solve the equation for .
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Remove parentheses.
Multiply by .
Substitute the known values into the formula.
Simplify .
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Convert to a decimal.
Multiply by .
Multiply by .
Find the Simple Interest Received p=1000 , r=5% , t=2

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