Question

FREE MEDALS!!!!!!!!!!!!!!!!!!!
You have $15,000 to deposit in a college fund.You want it to be worth at least $20,000 in 5 years.What is the lowest interest rate for which you should you lock when shopping for a bank? Round to the nearest 0.5%.

Answer 1

HI

Answer 2

HI

Answer 3

used the simple interest formula

Answer 4

OKAY

Answer 5

I=PRT

Answer 6

Can you identify the i, p, r, t please?

Answer 7

i= 20,000
p= 15,000
r= .5% (.005)
t= x

Answer 8

SCRATCH THAT!

Answer 9

thank you C:

Answer 10

r= x and t=5, sorry read it wrong

Answer 11

are you serious?

Answer 12

=(

Answer 13

im being for real, sorry when u find the %, you have to round to the nearest.5%

Answer 14

okay know are you sure about this ?

Answer 15

yes(:

Answer 16

:)