Question

Find the simple interest if the principal is $4,000, the rate is 5 1/2%, and the investment period is 30 months.

Answer 1

if i recall I = Prt right?

Answer 2

the formula for interest = principal x rate x time

Answer 3

therefore interest = 4,000 x 0.055 x 30

note: 5 1/2 % = 5.5 % = 0.055

Answer 4

@lgbasallote

Answer 5

What did you get for an answer?

Answer 6

i dont have a calculator sorry...try it

Answer 7

I did and it came out wrong. :(

Answer 8

I did this..

Answer 9

maybe you need to turn 30 months into years?