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anonymous

  • one year ago

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

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  1. anonymous
    • one year ago
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    @mathmate

  2. anonymous
    • one year ago
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    @M3GA-BIT3

  3. M3GA-BIT3
    • one year ago
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    ohh i havnt done this in forever hold on lemme look at the steps to doing this

  4. anonymous
    • one year ago
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    okay awesome

  5. anonymous
    • one year ago
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    i think i got the answer

  6. M3GA-BIT3
    • one year ago
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    what did u get

  7. anonymous
    • one year ago
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    720

  8. M3GA-BIT3
    • one year ago
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    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?

  9. M3GA-BIT3
    • one year ago
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    so 0.03 * the 8000

  10. anonymous
    • one year ago
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    3% of 8000 is 240 a year

  11. anonymous
    • one year ago
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    then you multiply that by 3

  12. M3GA-BIT3
    • one year ago
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    ohh snap crap forgot about that part...yikes im not much help am i?

  13. anonymous
    • one year ago
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    you learn new things everyday and i appreciate your time and effort

  14. M3GA-BIT3
    • one year ago
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    actually lol its the same thing i got the same thing i just made it a decimal first

  15. M3GA-BIT3
    • one year ago
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    i swear they dont teach people the same math anymore

  16. M3GA-BIT3
    • one year ago
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    thnx for the medal:)

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