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Sophia.13
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Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
 one year ago
 one year ago
Sophia.13 Group Title
Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
 one year ago
 one year ago

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nubeer Group TitleBest ResponseYou've already chosen the best response.1
Amount = Deposit *5%*years.
 one year ago

ghazi Group TitleBest ResponseYou've already chosen the best response.2
\[SI =\frac{ P*R*T }{ 100 }\] where P> principle amount =$500 R> rate of interest =5% T=2 years now plug in the values and get your result
 one year ago

youarestupid Group TitleBest ResponseYou've already chosen the best response.2
551.25
 one year ago

youarestupid Group TitleBest ResponseYou've already chosen the best response.2
it is 551.25
 one year ago

ghazi Group TitleBest ResponseYou've already chosen the best response.2
i thought it would be $550 i havent calculated yet but seems like that
 one year ago

youarestupid Group TitleBest ResponseYou've already chosen the best response.2
thank you
 one year ago

Sophia.13 Group TitleBest ResponseYou've already chosen the best response.0
Thanks guys.
 one year ago

youarestupid Group TitleBest ResponseYou've already chosen the best response.2
welcome
 one year ago

TimSmit Group TitleBest ResponseYou've already chosen the best response.0
If it is calculated yearly then the first year gives 500*1.05 = 525$, the second year gives 525*1.05 = 551.25$
 one year ago

TimSmit Group TitleBest ResponseYou've already chosen the best response.0
It might not be "simple interest", depends on what she means there :)
 one year ago

ghazi Group TitleBest ResponseYou've already chosen the best response.2
she wrote simple interest so i am not sure :)
 one year ago
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