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Mathematics 22 Online
OpenStudy (anonymous):

I need someone who is good with interest for these problems.

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.

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.

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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