Question

Help pleasee

Answer 1

What do u need help with?

Answer 2

Hey your on florida vitual too

Answer 3

Yes

Answer 4

Its fun stuff but very very hard

Answer 5

It is

Answer 6

Ok so first of all @ana_stasia44 can you tell me that what is the formula for finding amount?

Answer 7

@ana_stasia44 please reply... I can only help you if you will support me..

Answer 8

Sorry, I don't understand formulas yet, I just started this chapter :/

Answer 9

Oh.., No problem but that is the most important part of the chapter...

http://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm

Answer 10

\(\large{ A = P ( 1 + \frac{r}{100})^{nt}}\)
where :
P = principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
t = number of years the amount is deposited or borrowed for.
A = amount of money accumulated after n years, including interest.
n = number of times the interest is compounded per year

Answer 11

Oh, okay. I kind of understand now.

Answer 12

this is the right formula, but it does't match with any of the answers

Answer 13

Tell me what you get after putting the given values in the formula...?

Answer 14

Oh do you mean simple interest @satellite73 ?

Answer 15

\[\large{SI = \frac{PRT}{100}}\]

Answer 16

i think they must be asking about fictional "simple interest" so for example $900 at 10% for 3 years they compute by 10% of $900 is $90 and \(3\times \$90=\$270\)

Answer 17

i think this only because of the answers given. this is not really correct, but i guess that is what they want

Answer 18

and then Amount = SI + P :
\[\large{\frac{$900 * 10 * 3 }{100}= $ 270=SI }\]

Hence Amount = SI + P = $ 900 + $ 270 = $1170

Answer 19

here is another example
6% of 1,000 = .\(06\times 1000=60\) and \(4\times \$60=\$240\)

Answer 20

So they are asking for SI simply..

Answer 21

But then why did they give 4 years @satellite73 ?

Answer 22

according to me it will be : ..

Answer 23

@satellite73 what will you say?

Answer 24

Well I think you also did the same

Answer 25

@ana_stasia44 see the attachment I used the formula:
\[\large{\textbf{SI}=\frac{PRT}{100}}\]

Answer 26

Oh, I see. Thanks for your help (:

Answer 27

(: best of luck , try it for once..

thanks!!!