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Sophia.13 Group Title

Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest. Year One | | | | | _____________________________ Year Two | | | | |

  • one year ago
  • one year ago

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  1. Mertsj Group Title
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    First find the interest for 2 years by using the formula interest = principal times rate times time.

    • one year ago
  2. Sophia.13 Group Title
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    Thats $551.25 right?

    • one year ago
  3. Mertsj Group Title
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    What is 500 times .05 times 2?

    • one year ago
  4. Sophia.13 Group Title
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    50

    • one year ago
  5. youarestupid Group Title
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    yes that is correct

    • one year ago
  6. youarestupid Group Title
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    I checked with my teacher because I am in a hurry

    • one year ago
  7. Sophia.13 Group Title
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    oh ok. thanks, but i dont know what to put in the table |:

    • one year ago
  8. Mertsj Group Title
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    The amount after each quarter I suppose.

    • one year ago
  9. Sophia.13 Group Title
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    oh ok thanks

    • one year ago
  10. Mertsj Group Title
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    yw

    • one year ago
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