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ellen112412

  • one year ago

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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  1. crazy4christj
    • one year ago
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    I=prt

  2. goformit100
    • one year ago
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    ^correct

  3. ellen112412
    • one year ago
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    the answers are one of these $6.75 $67.50 $675.00 $6,750.00

  4. crazy4christj
    • one year ago
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    Just plug it in

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

  6. crazy4christj
    • one year ago
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    $675.00- just remember I=prt I party?

  7. ellen112412
    • one year ago
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    Thanks:)

  8. crazy4christj
    • one year ago
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    :)

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