Question

What is the interest on $250.00 at 4% for three yea
rs?

Answer 1

simple or compound?

Answer 2

Nope. Unfortunately.

Answer 3

Doesn't say?

Answer 4

by simple interest it would be\[Interest = $250 \times 0.04 \times 3\]

Answer 5

I got $281.21.
You earned $31.21
This is what I got

Answer 6

I think it is Amount = 250 (1 + 0.04)^3
Because the way you put it doesnt make sense cause I dont get a logical answer

Answer 7

yeah u r right it would be
\[Interest = ($ 250 \times (1.04)^3) - $ 250\]

Answer 8

\[250(.104)^3=281.21\] rounded so the interest is $32.21

Answer 9

lol
i guess i meant $31.21

Answer 10

Thank you. lol (:

Answer 11

yw