Madi66
Find the simple interest earned in the account.
$300 at 5% annual interest for 7 years?



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dmezzullo
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1 sec lemme try wut i think it is

dmezzullo
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Ok so, Do 300 times .05 then get tht answer and do the answer times 7 and tell me wut u get(:

Madi66
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I got 105.

dmezzullo
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YAY! There u go!

Madi66
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Thank you!

dmezzullo
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No problem, If u have more of these Tag me

Madi66
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@dmezzullo You deposit $540.00 in an account that pays 6% interest, compounded annually. How much is in the account 3 years later?

dmezzullo
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1 sec

dmezzullo
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i am not totally sure, i am not good with Compound