If you were told that you put $1000 into a savings account with 3.5% simple interest for 7 years, how much interest would you earn?
I = Prt
I = (1000)⋅(0.035)⋅(7)
I = 245.00
So you earned $245.00 in interest.

Why do you not have 3.5% in your equation?

A. You have to change the decimal to a percent.
B. You have to change the percent to a decimal.
C. It's imaginary.
D. That's information I don't need to use.

Question

If you were told that you put $1000 into a savings account with 3.5% simple interest for 7 years, how much interest would you earn?
I = Prt
I = (1000)⋅(0.035)⋅(7)
I = 245.00
So you earned $245.00 in interest.

Why do you not have 3.5% in your equation? 

A. You have to change the decimal to a percent. 
B. You have to change the percent to a decimal. 
C. It's imaginary. 
D. That's information I don't need to use.

anonymous · Answer

Do you have a guess?

anonymous · Answer

@BangkokGarrett Actually, I already found the answer - thanks though!