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Mathematics 6 Online
OpenStudy (anonymous):

i need help on math plz

OpenStudy (ribhu):

go on plz

OpenStudy (anonymous):

ok

OpenStudy (anonymous):

it is simple Interest

OpenStudy (ribhu):

proceed

OpenStudy (anonymous):

?

OpenStudy (ribhu):

question??

OpenStudy (anonymous):

Simple interest is really easy, all you need is your principal, rate and time.

OpenStudy (anonymous):

ok

OpenStudy (anonymous):

Principal is just another name for the amount of money you have.

OpenStudy (anonymous):

Once you have those three you just principal*rate*time

OpenStudy (anonymous):

Juan deposited $200 in a savings account earning 3% interest over 2 years

OpenStudy (ribhu):

200*3*2/100 = 12

OpenStudy (ribhu):

this would be the simple interest.

OpenStudy (anonymous):

We try to avoid direct answers @ribhu

OpenStudy (anonymous):

what is the total amount of interest earned at the end of 2 years

OpenStudy (ribhu):

amount = principal+ interest

OpenStudy (anonymous):

yes

OpenStudy (anonymous):

next

OpenStudy (anonymous):

is it $12

OpenStudy (anonymous):

$120 or $240 or $12 or $24

OpenStudy (anonymous):

12. Youre right

OpenStudy (anonymous):

ok the

OpenStudy (anonymous):

i got a ?

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