Based on simple interest, find the total amount saved or owed.

principal = $1700; rate = 6%; time = 5 years

Giving a medal and fanning the first person who helps me and gets it right.

Question

Based on simple interest, find the total amount saved or owed. 
 
principal = $1700; rate = 6%; time = 5 years

Giving a medal and fanning the first person who helps me and gets it right.

anonymous · Answer

You would be saving (6/100)[percentage]*$1700[principal]*5[years]
which would be $510 I think

anonymous · Answer

The problem is that that isn't one of the answers.....

anonymous · Answer

A.
$1802
 
 B.
$1904
 
 C.
$2210
 
 D.
$2312

opcode · Answer

$$I = Prt$$
P = Principal
R = Rate
T = Time
$$I = (1700)(0.06)(5)$$
$$I = 510$$
$$1700 + 510 =2210$$