Question

HELP!!! A student borrows $4000 at 5% for 6 months to pay tuition. Find the total amount due using simple interest.

Answer 1

principal + interest= total amount due

Answer 2

solving interest use I=Prt
the simple interest formula

Answer 3

So it would look like this 4000*5%*6

Answer 4

so, $4000 + interest = total amount
use I=Prt for solving interest,
where I=interest
P=Principle
r= rate
t=time

Answer 5

yes, but change the percentage into decimal

Answer 6

the decimal would be .05 correct?

Answer 7

yes :)

Answer 8

4000*.05*6

Answer 9

solve the simple interest first then do the Principal + interest which is $4000 for principal then times it by the interest u get

Answer 10

yes, what u did was correct

Answer 11

Cool! So the answer would be 1200?

Answer 12

now u have the simple interest, now use this "principal + interest= total amount due" and plug in your numbers

Answer 13

that's not the answer, times it by the principal and you'll get your answer

Answer 14

ok. So the principle would be the 4000 correct?

Answer 15

yes

Answer 16

i already mentioned that above

Answer 17

SWEET! so I would do 1200*4000 right? and that equals 4800000

Answer 18

yes

Answer 19

cool so that's the answer!? :)

Answer 20

now what do i do then?

Answer 21

give me a medal

Answer 22

haha that was the answer though right? :)

Answer 23

your done, your question wanted u to find the total amount due using simple interest. Did u do that already?

Answer 24

I'm pretty sure I did?

Answer 25

wait hold on, let me check

Answer 26

ok

Answer 27

ok
so
Interest = principal * interest expressed as a decimal * time in years.
is
Interest = $4,000 * .05 * (6/12 =

Answer 28

which equals 100, i'm really sorry about that
the simple interest is 100
so 4000 +100= 4100

Answer 29

the answer is 4100

Answer 30

oh. ok. Thank you!

Answer 31

could you help me with another one? :)