anonymous
  • anonymous
Ivanna deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 3 years
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
anonymous
  • anonymous
@M3GA-BIT3
M3GA-BIT3
  • M3GA-BIT3
ohh i havnt done this in forever hold on lemme look at the steps to doing this

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anonymous
  • anonymous
okay awesome
anonymous
  • anonymous
i think i got the answer
M3GA-BIT3
  • M3GA-BIT3
what did u get
anonymous
  • anonymous
720
M3GA-BIT3
  • M3GA-BIT3
so i know u have to multiply your percent by your deposit, but you have to make your percent in to a decimal first right?
M3GA-BIT3
  • M3GA-BIT3
so 0.03 * the 8000
anonymous
  • anonymous
3% of 8000 is 240 a year
anonymous
  • anonymous
then you multiply that by 3
M3GA-BIT3
  • M3GA-BIT3
ohh snap crap forgot about that part...yikes im not much help am i?
anonymous
  • anonymous
you learn new things everyday and i appreciate your time and effort
M3GA-BIT3
  • M3GA-BIT3
actually lol its the same thing i got the same thing i just made it a decimal first
M3GA-BIT3
  • M3GA-BIT3
i swear they dont teach people the same math anymore
M3GA-BIT3
  • M3GA-BIT3
thnx for the medal:)

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