The Simple Interest (I) on a Certain Amount of Money

question 39

Multiple Choice

The simple interest (I) on a certain amount of money (p) that is invested at a specified interest rate (r) for a specific period of time (t) can be found by the formula I = prt. Find the interest on a principal of $100 invested at 3% yearly for 7 years.

• A) $21.00
• B) $2100
• C) $18.90
• D) $1890.00

---

Definitions:

Visible Minorities

Groups of people who are not part of the majority race or ethnic group in a specific area, often identifiable by physical characteristics.

Job Instruction

A methodology used to teach individuals how to perform their job tasks efficiently and safely through a structured and systematic process.

Behaviour Modelling

A training technique that involves observing, practicing, and mimicking desired behaviors to learn new skills and attitudes.

Blended Training

An instruction method combining both online digital media with traditional classroom methods to enhance the learning experience.