Question

As incentive for Gretchen to save the2,200 she recently inherited, her parents tell her that they will pay her15% simple annual interest on the amount that she saves. How much money will Gretchen have after 3 years if she saves all of the money she inherited?

Answer 1

eh I=prt
use this equation
r=rate of the interest annully which is 15% in decimal 0.15
t=years you have given 3 years
p= the principal the amount of money she saved in the account

Answer 2

No go mate! do the rest

Answer 3

now*

Answer 4

answers are 2,640,3190,3,520,8250 if you could explain it would be awsome

Answer 5

nvmnd thanks

Answer 6

forgot about the options
one thing to remember! when dealing with math forgot that you were given options
do the work and then look for the one that meets what you found

Answer 7

i got 990

Answer 8

that's good
now she used to have 2200 and then she gained another 990
so how much she have now?

Answer 9

3,190

Answer 10

what this is saying is that she will get 330 each year of interest

Answer 11

yes!

Answer 12

after 10 years how much money she will have?

Answer 13

ummm 30,000