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OpenStudy (anonymous):
Find the intrest on $240 in a savings account at 5% intrest for 1 year (I=prt)
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jimthompson5910 (jim_thompson5910):
Interest = Principle * Rate * Time
jimthompson5910 (jim_thompson5910):
I = prt I = 240 times 0.05 times 1
OpenStudy (anonymous):
So is it 12
jimthompson5910 (jim_thompson5910):
yes it is
OpenStudy (anonymous):
thanks again you are great help
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jimthompson5910 (jim_thompson5910):
I'm glad to be of help, you're welcome
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