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Sophia.13

  • one year ago

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

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  1. Mertsj
    • one year ago
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    First find the interest for 2 years by using the formula interest = principal times rate times time.

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

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

  4. Sophia.13
    • one year ago
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    50

  5. youarestupid
    • one year ago
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    yes that is correct

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

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

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

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

  10. Mertsj
    • one year ago
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    yw

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