if $110 is invested for one year at 13% simple interest, how much interest is earned?

To calculate the amount of interest earned, you can use the formula:

Interest = Principal (P) × Rate (R) × Time (T)

Given that the principal is $110, the interest rate is 13% (or 0.13 as a decimal), and the time is 1 year, we can substitute these values into the formula:

Interest = $110 × 0.13 × 1

Simplifying the equation, we get:

Interest = $14.30

Therefore, the amount of interest earned is $14.30

To calculate the amount of interest earned, you can use the simple interest formula:

Interest = Principal × Interest Rate × Time

Here, the principal is $110, the interest rate is 13%, and the time is 1 year.

Plugging in these values:

Interest = $110 × 0.13 × 1

Calculating:

Interest = $14.30

Therefore, $14.30 is the amount of interest earned.

I = PRT

I = 110 * 0.13 * 1

I = ?

13.1