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Simple interest over time formula: I=(Po) (r) (t)

Wouldn't it be 1.2?

1.2 = 1 and 1/5, right? Is 1/5 of a year 2 months?

No

I left out a step: 1.2 = 1 and 2/10 = 1 and 1/5 ...

.25

6,300

I think you perhaps forgot that \[x\% = \frac{x}{100}\]

Would it be 63?

I don't know why I'm not understanding myself, I was very strong in this unit

Here is what I understand

I understand why we got .25

But why are we changing both the time and rate into ratios over 100?

I see it now, makes so much more sense. Thank You so much for clearing this up for me

Glad I could help!