Dive into a comprehensive 28-minute video tutorial that provides step-by-step solutions for a practice test on solving simple interest word problems. Learn to apply the simple interest formula I = prt, where the amount of simple interest earned equals the principal multiplied by the rate (as a decimal) and time (usually in years). Work through five detailed examples, each addressing different aspects of simple interest calculations. Enhance your problem-solving skills and gain confidence in tackling various simple interest scenarios through this in-depth practice session.