Match the conditions given with the corresponding amount of interest.

one thousand eight hundred dollars at two percent for ten years
A) two hundred seventy dollars
one thousand dollars at six percent for four years
B) three hundred sixty dollars
two thousand five hundred dollars at three percent for five years
C) three hundred seventy−five dollars
nine hundred dollars at ten percent for three years
D) two hundred forty dollars

@ParthKohli @ganeshie8 @thomaster @myininaya

Question

Match the conditions given with the corresponding amount of interest.

one thousand eight hundred dollars at two percent for ten years 	
A) two hundred seventy dollars
one thousand dollars at six percent for four years 	
B) three hundred sixty dollars
two thousand five hundred dollars at three percent for five years 	
C) three hundred seventy−five dollars
nine hundred dollars at ten percent for three years 	
D) two hundred forty dollars

@ParthKohli @ganeshie8 @thomaster @myininaya

anonymous · Answer

I need help figuring this out. You would match the sentances to the answers. (the answers have letters before them)

texaschic101 · Answer

Interest = Principle * rate * time
I = PRT

1800 at 2% for 10 years
I = PRT
P = 1800
R = 2%, change to decimal = .02
T = 10
now sub
I = (1800)(.02)(10)
I = 360 ====> your answer

You understand how I did that ?

anonymous · Answer

Yes I get it now thanks so much

texaschic101 · Answer

1000 at 6% for 4 years
I = PRT
P = 1000
R = 6%, change to decimal = .06
T = 4
now sub
I = (1000)(.06)(4)
I = 240 <== your answer

you understanding this yet ?

texaschic101 · Answer

oh...you got it...good to hear :)