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