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OpenStudy (anonymous):
find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.
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OpenStudy (anonymous):
A. $23.10 B.$115.50 C.$683.10 D.$775.50
OpenStudy (anonymous):
I = Prt
OpenStudy (anonymous):
p = principle ( 660 ) r = rate ( 0.035 ) t = time ( 5 ) just multiply them all which is B) 115.5
OpenStudy (anonymous):
ok thank you
OpenStudy (anonymous):
Np hun
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OpenStudy (ranga):
They want the balance not just the interest. So add interest to the principal: $660 + $115.50 = $775.50
OpenStudy (anonymous):
oh i misread that , sorry but yeh hes right kaylee ! sorry
OpenStudy (anonymous):
it does say Final Balance my fault
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