Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

ellen112412

  • 3 years ago

Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years:

  • This Question is Closed
  1. crazy4christj
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    I=prt

  2. goformit100
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ^correct

  3. ellen112412
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    the answers are one of these $6.75 $67.50 $675.00 $6,750.00

  4. crazy4christj
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    Just plug it in

  5. crazy4christj
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    4,500*.05*3=I, right? (I haven't done this in a few years...)

  6. crazy4christj
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    $675.00- just remember I=prt I party?

  7. ellen112412
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Thanks:)

  8. crazy4christj
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    :)

  9. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy