A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • one year ago

matt deposited $2,000.00 in the bank. If the rate of simple interest was 10%, what was the amount of money matt had in the bank after 5 years if he made no withdrawals?

  • This Question is Open
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    50% so 3k

  2. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    can you show the step

  3. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    |dw:1441487659595:dw|

  4. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    😳😳 what

  5. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    help

  6. Compassionate
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    More than I have.

  7. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    can you show the step?

  8. zpupster
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    simple interest formula A = P(1 + rt) P=Prinicipal r=rate t=time from your question -plug in the values A = 2000(1+ .1(5))

  9. 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

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.