Based on simple interest, find the total amount saved or owed.

principal = $1700; rate = 6%; time = 5 years

A.
$1802

B.
$1904

C.
$2210

D.
$2312

Question

Based on simple interest, find the total amount saved or owed. 
 
principal = $1700; rate = 6%; time = 5 years
 
 A.
$1802
 
 B.
$1904
 
 C.
$2210
 
 D.
$2312

anonymous · Answer

@ganeshie8

anonymous · Answer

@acxbox22

acxbox22 · Answer

use the same equation i gave you in the previous question
I=prt

anonymous · Answer

my answer isnt one of my choices

acxbox22 · Answer

since it says total money saved
you have to add the interest amount and the principle amount

anonymous · Answer

but that that 6800, thats not a choice

anonymous · Answer

@johnweldon1993 @phi

acxbox22 · Answer

okay so
I=1700 x 0.06 x 5
I=510 <--- that is interest
now 510 + 1700 will give you the total amount

anonymous · Answer

ooh! i put 0.6 so that makes more sense

anonymous · Answer

thx!

acxbox22 · Answer

;)