Question

Use simple interest to find the ending balance.
1.) $600 at 14% for 3 years
2.) 50,300 at 15% for 6 years

Answer 1

what's the formula for the simple interest?

Answer 2

no response ??

Answer 3

I = P r t

Answer 4

I think so im sorry

Answer 5

for the $600 how much interest it will accumulate after 3 years?

Answer 6

600 * 14% * 3 = ?

Answer 7

600 * 0.14 * 3 = 6 * 14 * 3 = $252 of interest earned after 3 years
so the first question 's answer becomes
balance = 600 + 252

Answer 8

can u continue with the rest?