Question

Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years:

Answer 1

I=prt

Answer 2

^correct

Answer 3

the answers are one of these

$6.75
$67.50
$675.00
$6,750.00

Answer 4

Just plug it in

Answer 5

4,500*.05*3=I, right? (I haven't done this in a few years...)

Answer 6

$675.00- just remember I=prt
I party?

Answer 7

Thanks:)

Answer 8

:)