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OpenStudy (anonymous):
can someone teach me how to do this problem: If I invest $1,000 at an 8.5% interest rate, how much money will I earn over 6 years?
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OpenStudy (anonymous):
A. $5,100 B. $1,510 C. $510 D. $85
OpenStudy (anonymous):
help please
OpenStudy (mertsj):
Interest = principal times interest rate times time in years
OpenStudy (anonymous):
im so confused .... whats the principal and interest rate ???
OpenStudy (mertsj):
The principal is the amount you invested. The problem says " at an 8.5% interest rate"
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OpenStudy (anonymous):
oh ok thank you i get it now !
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