Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Selena2345

  • 3 years ago

You invest $5000 for 1 year at 8 1/2 %. How much interest will you earn ?

  • This Question is Closed
  1. chamel0305
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    I = prt

  2. chamel0305
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    that is the formula.

  3. Selena2345
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    I know that

  4. Selena2345
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    can you show your work

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

    @Selena2345 then apply it, will you :)

  6. chamel0305
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    sooo....plug the numbers into the formula. I =prt I = 5000 * 8.5 * 1

  7. chamel0305
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    then u can figure it out simran.

  8. Selena2345
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    I=5000x8.5x1=42500

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

    @Selena2345 Pay attention to % ( 8.5%) rate!

  10. chamel0305
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 2

    .085.........my bad

  11. 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