anonymous
  • anonymous
Simon invested $1,550 at 6.5% simple interest. He earned $302.25 in interest after t years. What is the value of t? 6 9 3 1
Mathematics
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
Its C 3
anonymous
  • anonymous
thank you
anonymous
  • anonymous
6.5% of 1,550 = 1,550 * .065 = 100.75 per year 100.75 * T years = 302.25 T = 302.25/100.75 = 3 years answer B

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welshfella
  • welshfella
each year he earns $ 1550 * 6.5/100 work this out then divide it into 302.25 to get t.
anonymous
  • anonymous
YW :)
anonymous
  • anonymous
Suzanne deposited $2,500 in a savings account earning 3.5% simple interest. What was the total interest earned after 6 years? $4,500 $52.50 $450 $525
welshfella
  • welshfella
$2500* 0.035*6
welshfella
  • welshfella
grab ur calculator and work it out
anonymous
  • anonymous
Its 525
zpupster
  • zpupster
the simple interest formula is I = Prt i= Interest P=principal R= rate t = time just plug and solve for the missing piece
anonymous
  • anonymous
thats umm 450 right?
welshfella
  • welshfella
@addictbeau - please dont give direct answers Read the Code of Conduct for this site
anonymous
  • anonymous
Sorry I was going to explain it afterwards :)
anonymous
  • anonymous
is it 450?
anonymous
  • anonymous
No its not
anonymous
  • anonymous
oh 525?
anonymous
  • anonymous
Yes bc if you do $2500*0.035*6 you get 525 :)
anonymous
  • anonymous
o ok thank you
anonymous
  • anonymous
No problem

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