Question

Find the simple interest paid after 3months on a loan of $9700 borrowed at an annual interest rate of 11%.
So far I have, I = 9700(.11)(1/4)

Answer 1

Great! t = 1/4

Answer 2

The rest is plug these numbers into your calculation :)

Answer 3

It seems to me that I don't have to do much, except double check the result!

Answer 4

Still, are you sure that you have the correct final result?

Answer 5

Emm, I hope so. My final answer was $266.75

Answer 6

Thanks for your nice compliment!
Honestly, I'm so MEAN when I push the poster learning their material ;)

Answer 7

Well it doesn't seem that way, from you answering my questions so patiently you seem like a great person to learn with!

Answer 8

This time you get away with your previous mistake of decimal point :D

Answer 9

haha, yeah but I had to make sure before I replied. And wow, I guess you do get frustrated with some people! Haha, but I would too if I were you.

Answer 10

My goal is to force the poster memorizing their formula, and know their own mistake, so the poster can feel confident when they take the test in school :)

Answer 11

That's actually very smart/good of you to do that. Cause it sure is helping me. but we won't actually know until my chapter test, but so far I'm getting this down. (:

Answer 12

So don't hesitate to ask, 99.99% the helpers in this OS site is much nicer than I am!

Answer 13

Then don't wait until the teacher lecture, at least learn 1 chapter AHEAD of time by posting the questions here. I

Answer 14

You know what, that's actually very smart! But if I do that, I think I'll need you're help because I like the way you teach!

Answer 15

My pleasure to offer my help!
Start the sooner the better :)

Answer 16

Sure thing, I'll start as soon as I can! But again, thanks for all your help. message you later! (: