To find simple interest, you multiply the principal (in dollars), the interest rate (as a decimal), and the time in years. The equation 22.80 = 300 •019•4 shows how to find the simple interest for a certain account after 4 years. What
is the interest rate (as a percent)? How much is the simple interest? What is the principal?
What is the interest rate (as a percent)?
A. 1.9%
B. 22.80%
C. 0.019%
D. 300%