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OpenStudy (anonymous):
i have a question everyone please help me I NEED HELP NOW!! You deposit $1200 in a savings account that earns simple interest of %3 per year. How much interst will you have earned after 3 years??? PLEASE HELP ME!!!!
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OpenStudy (campbell_st):
the formula is I = Prt P = amount invested, r = interest rate as a decimal t = number of time periods
OpenStudy (anonymous):
ok so how do i write the problem? i have no clue
OpenStudy (campbell_st):
between each letter in the formula is a multiplication sign... I = P x r x t just substitute and then evaluate
OpenStudy (anonymous):
ok....
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