ellen112412
Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years:



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crazy4christj
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I=prt

goformit100
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^correct

ellen112412
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the answers are one of these
$6.75
$67.50
$675.00
$6,750.00

crazy4christj
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Just plug it in

crazy4christj
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4,500*.05*3=I, right? (I haven't done this in a few years...)

crazy4christj
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$675.00 just remember I=prt
I party?

ellen112412
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Thanks:)

crazy4christj
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:)