Question

Find the simple interest on $500 at 6% for one year. (If you could show work,I'd appreciate it)

Answer 1

$500 * 6%=?

Answer 2

convert the percentage into decimal

Answer 3

@Romero And how would I do that?

Answer 4

6%=6.%

carry the decimal point two times to the left and get rid of the percentage sign

Answer 5

So it'd be .06*500? @Romero

Answer 6

yes

Answer 7

Alright,thanks! :}

Answer 8

plug it into a calculator and you are done

Answer 9

$30.00? @Romero

Answer 10

yes you are correct

Answer 11

Thanks again.