anonymous
  • anonymous
Find the interest when the principal is $400, the annual rate of interest is 11%, and the time is 2 years.
Mathematics
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SOLVED
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schrodinger
  • schrodinger
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jim_thompson5910
  • jim_thompson5910
use the formula i = p*r*t ------------------------------------------------------- in this case, p = 400 (principal) r = 0.11 (interest rate in decimal form) t = 2 (time in years)
anonymous
  • anonymous
$800 $88 $44 $89 those are my choices
anonymous
  • anonymous
I am so confused on this lol

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anonymous
  • anonymous
88 ok I got it thanks
jim_thompson5910
  • jim_thompson5910
yep 88 is right
anonymous
  • anonymous
Thanks
jim_thompson5910
  • jim_thompson5910
you're welcome

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