Question

giving madals

How much interest is earned on $2,700 in one year if it is invested at 3%?



$8.10

$81.00

$810.00

Answer 1

Simple, or compound some number of times per year ?

Answer 2

81

Answer 3

stop giving direct ans @zDior_VII

Answer 4

Use the formula for compound interest:)
\(\huge{F = 2700(1+0.03)^1}\)
\(\huge{F = 2781}\)
Which rounds too..

Answer 5

first one

Answer 6

subtract those two values and u will get the interest
which is 81

Answer 7

yana nice try, but

\(\LARGE\color{blue}{ \bf Ft=P(1+\frac{percent~~~rate}{n})^{nt} }\)

Answer 8

who told you that it is compound once per year ?

Answer 9

so the seconde one

Answer 10

So interest = \(\huge2781-2700 =\) ? Yes. It's 81. Am I wrong? Really?

Answer 11

(If it is compound at all)

Answer 12

I had the same exact not long ago.

Answer 13

*question*

Answer 14

81 is simple interest, or compound once per year.

For 1 year, those 2 are same.

Answer 15

i wish i could give more than one medal

Answer 16

at the end it is still 81

Answer 17

ok, so are they going to be different for next years then? I don't think soo..

Answer 18

@zDior_VII dont force us to report u!

Answer 19

She didn't know:)

Answer 20

explain if u know the ans pls

Answer 21

Or she did... who knows :P

Answer 22

im a dude

Answer 23

I do know that they know:) I have already told them in the other simple/easy question:)

Answer 24

I more often see questions that compare interests.
Compound interest is view as an exponential function and simple interest is view as a linear function.

Answer 25

Well if they know that they know (sound weird), you can report if you want....

Answer 26

wtvs VII

Answer 27

Hahha:) Solomon:) "Well if they know that they know (sounds weird)" I just added the s, to make it look different lol:)

Answer 28

yeah I left out the s... :)

Answer 29

Hahahha:) Yea.I caught ya on that one:)!!!!

Answer 30

Time for compound interest, withdrawing from the bank account a certain (same) amount per year, or something that is a bit harder ? or not :) (?)

Answer 31

That doesn't really make sense to me..\(\huge{\uparrow}\)

Answer 32

Good luck with interests:) I would teach you something if you want. I taught my sister everything about Arithmetic and geometric sequence in 5 minutes :PPPP

\(\normalsize\color{blue}{ \rm {Let's~~~✂~~the~~above~~comment~~ } \Huge{☻ } }\)

Answer 33

Hahha:) Go ahead and teach me:) I would rather have someone teach me that me myself teaching.

Answer 34

But teach you what ?
\[application~~~of~~~~~\int\limits_{ }^{ } \int\limits_{ }^{ } \int\limits_{ }^{ }~ dx~dy~dz~~~~?\]

Answer 35

Omg. Are you for real? Look at your comment. \(\huge{\uparrow}\) "About"

Answer 36

Lol, Solomon.

Answer 37

ga;gb;abgjfgblagbraegbearbb. That's what "application of......" looks like to me:)xD

Answer 38

That's a triple integral. I read a little about it in calc1 book.

Answer 39

Yea. That's what it looks like it:) Wanna teach me now?

Answer 40

*awkward*

Answer 41

you want to learn integrals ?!

Answer 42

\[\rm{Power~~rule:~}~~~~\int\limits_{ }^{ } x^n~~dx~~=~~\frac{x^{n+1}}{n}\]

Answer 43

btw, the highest course I took is trigonometry.

Answer 44

Wow!:D Sure. Lets learn about that:)