Question

find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

Answer 1

A. $23.10
B.$115.50
C.$683.10
D.$775.50

Answer 2

I = Prt

Answer 3

p = principle ( 660 ) r = rate ( 0.035 ) t = time ( 5 ) just multiply them all which is B) 115.5

Answer 4

ok thank you

Answer 5

Np hun

Answer 6

They want the balance not just the interest. So add interest to the principal:
$660 + $115.50 = $775.50

Answer 7

oh i misread that , sorry but yeh hes right kaylee ! sorry

Answer 8

it does say Final Balance my fault