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Mathematics 18 Online
OpenStudy (anonymous):

Find the simple interest if $1,000 is invested for 1 year at 6%.

OpenStudy (anonymous):

$60 intrest $1060 in all

OpenStudy (gabylovesyou):

I=prt <-----U have to use this! Let me explain brb

OpenStudy (anonymous):

Qué?

OpenStudy (gabylovesyou):

Hablas espanol?

OpenStudy (gabylovesyou):

Donde esta Godblessyou? El necesita ayuda? o tu?

OpenStudy (anonymous):

If its liner the equation is y=60x+1,000 If it is exponential it is y=1,000(1+.06)^x

OpenStudy (gabylovesyou):

He is looking for simple interest! So it has to be I=PRT

OpenStudy (anonymous):

I failed spanish 1, sorry, but what

OpenStudy (anonymous):

and what do you mean 1=PRT

OpenStudy (gabylovesyou):

lol u put que? so i was like he speaks spanish lol

OpenStudy (anonymous):

What is 1=PRT

OpenStudy (gabylovesyou):

i = interest P = Principal R = Rate T = time To solve this he has to put it together I=PRT or I = 1,000 x 6% x 1

OpenStudy (gabylovesyou):

6% = .06 so 1,000 x .06 = 60 x1 = 60 so the interest is 60

OpenStudy (gabylovesyou):

Understand?

OpenStudy (anonymous):

IDK what the question is asking all i know are the formulas about it.

OpenStudy (gabylovesyou):

ohh lol

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