Question

help plz
Jordan invested 1000.00 in a savings account. The interest rate is 6% per year. find the simple interest earned in four years then find the total of principal plus interest

Answer 1

@AwesomeSays3!

Answer 2

help plz i will medal correct answer

Answer 3

It is 6% interest PER year, so how much will the interest be after four years?

Answer 4

240?

Answer 5

Just do 6 x 4

Answer 6

oh 24 is that the answer

Answer 7

Not really. 24 is only the simple interest (in percentage).

Answer 8

Now you do 24% of 1000.

Answer 9

240

Answer 10

Yes, now you need to add that to 1000 (the cost in the savings account) to get the TOTAL.

Answer 11

1240? im srry if i get it wrong im not the brightest in the bunch

Answer 12

240 <-- the simple interest (in dollars)
____ (1000+240) <-- the Total

Answer 13

Correct!

Answer 14

You are smart :

Answer 15

:)

Answer 16

Got the answer?

Answer 17

yep thx

Answer 18

You're welcome :)