Question

Create one word problem : a interest problem, OR a mixture problem.

Answer 1

Suppose a bank is offering its customers 3% interest on savings accounts. If a customer deposits $1500 in the account, how much interest does the customer earn in 5 years?

Answer 2

interest problem

Answer 3

thankyou @Agent_Fox , but how shall i solve that?

Answer 4

you are given the interest rate (r), the amount put into the account (P), and the amount of time (t). plug it into the equation and solve.

Answer 5

i think you can solve the rest on your own.

Answer 6

whats the equation though?

Answer 7

I=P*R*T
I is the amount of interest the account earns.
P is the principle or the amount of money that is originally put into an account.
r is the interest rate and must ALWAYS be in a decimal form rather than a percent.
t is the amount of time the money is in the account earning interest.

Answer 8

so 225$?

Answer 9

correcto!!!

Answer 10

:) thanks !!!!