Question

Brett deposited $150.00 in an account that paid 3% simple interest. How much interest did Brett earn in 5 years?

A.
$4.50

B.
$7.50

C.
$15.00

D.
$22.50

Answer 1

i really need some help like right away

Answer 2

Simple interest = Principal x interest rate x number of years.

Answer 3

ok

Answer 4

You have all of those things. Just plug em in. Make sure you write your interest rate as 0.03.
Other than that it's straightforward

Answer 5

Multiply 150 and the 3% or .03

Answer 6

What is your principal?

Answer 7

150

Answer 8

I gave you the interest

Answer 9

oh ok

Answer 10

What is your number of years?

Answer 11

5

Answer 12

Multiply the 3 things together to get your answer

Answer 13

oh ok thanku so much it is D

Answer 14

RIGHT?

Answer 15

Yeah. Good job.

Answer 16

thanku

Answer 17

Use the formula I= prt

Answer 18

Do you still need help with this?

Answer 19

so its 22.50