Answer :
The simple interest formula is presented as I = PxRxT where I is the interest, P is the principal amount, R is the rate and T is the time.
I = PxRxT
I = $300x.07x2
I = $42
The simple interest formula is presented as I = PxRxT where I is the interest, P is the principal amount, R is the rate and T is the time.
I = PxRxT
I = $300x.07x2
I = $42