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Mathematics 22 Online
OpenStudy (anonymous):

Help me find the total amount. Can you please tell me how to do also :) Principal Rate Time Total amount $500 6% 2 Years X

OpenStudy (anonymous):

Just multiply them all together: 500(.06)(2) = ?

OpenStudy (anonymous):

I = PRT Interest = Principal Rate Time

OpenStudy (anonymous):

Okay, so if you multiply all of that out, you will get 60, which is only the Interest

OpenStudy (anonymous):

To find the total amount you have to add the interest to the principal, which is 60 + 500 to get $560

OpenStudy (anonymous):

I'm just trying to make sure that what I said makes sense. That's all.

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