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OpenStudy (anonymous):
Hayden invested $750 for three years at an interest rate of 0.035. How much interest did he earn in that time?
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OpenStudy (anonymous):
Every year he finishes with 1.035x what he started with. If this is compound interest, we should use exponents: 750 x 1.035 ^ 3 Remember to do the exponent first.
OpenStudy (anonymous):
Then subtract the original 750
OpenStudy (anonymous):
It's. Simplest interest
OpenStudy (anonymous):
He gets 0.035 x 750 = 26.25 each year
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