Question

$300 at 5% annual interest for 7 years
A. $214.29
B. $11.67
C. $420.00
D. $105.00

Answer 1

simple or compunded?

Answer 2

i know i hit the "o" ... c o m p o u n d e d.

Answer 3

simple.

Answer 4

Prt then

300(.05)(7)

Answer 5

and mathically, you can move the decimal around if by hand is tough


300(.05)(7) = 3(5)(7)

Answer 6

\[S.I = \frac{ P \times R \times T}{ 100 }\]
S.I=Simple Interest
P=Principal
R=Rate
T=Time