I need someone who is good with interest for these problems.
It'd be easier to tell if you put down what the problem is.
Ok I will.
Principal Interest Rate time $15,000 10% 1 year $15,000 9% 1 year $15,000 8% 1 year $15,000 7% 1 year $15,000 6% 1 year
Find the amount of interest.
Here are my answers.
See, I'll do the first one for you. Considering that 10% can be expressed as 0.10, \[\Large Interest = 15000 * 0.10\] \[\Large = $1500 \]
In the order the chart is in.
1500 1350 1200 1050 900
Are those right? :) I hope so!
2nd one is correct... I'm checking, wait.
All are correct! :D Congo
What!?!?!?!?!? Awesome!
Simple interest like this is easy. It's just Principle * Interest rate * time interest has occured.
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