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.

Answer 1

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

Answer 2

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

Answer 3

A.
$1802

B.
$1904

C.
$2210

D.
$2312

Answer 4

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