Question

Find the final balance in an account with $730 invested at 3% annual simple interest for 4 years.

$735.48
$87.60
$817.60
$8,760.00
Thanks ;D!

Answer 1

Simple interest is I=PRT

Answer 2

Final balance is P+I

Answer 3

what does p stand for :o

Answer 4

part right?

Answer 5

P is 'principal' the original amount invested.

Answer 6

I is 'interest earned'
R is 'interest rate'
T is 'time'

Answer 7

730 + 3% ?

Answer 8

No, final amount = 730 + 730×3%×4
P+PRT

Answer 9

=P(1+RT)

Answer 10

817.6 ?

Answer 11

That looks pretty accurate.

Answer 12

so the answer is C right :D?

Answer 13

I don't know. I don't look at multiple choice options.

Answer 14

$735.48
$87.60
$817.60
$8,760.00

Answer 15

:P

Answer 16

If you know the correct answer, then you know what to pick.

Answer 17

xD