Question

Nate invested $6000 for 3 years at an interest rate of 4%.

What was the total interest Nate earned?

$

Answer 1

@iGreen

Answer 2

@iGreen

Answer 3

I got it

Answer 4

6000(1.04)^3

Answer 5

first one to tell me gets medal and fan

Answer 6

wait do times

Answer 7

First off you do 1.04^3

Answer 8

whats this ^

Answer 9

To the power of

Answer 10

That question was already answered by @Boborob on OS. http://openstudy.com/study#/updates/4e403c740b8bfb83f3cbebf6

Answer 11

Simple interest, or compound interest (certain number of times per year) ?

Answer 12

6749.18

Answer 13

That is your answer

Answer 14

If you want to know how many she earned do 6749.18-6000.

Answer 15

749.18

Answer 16

I = prt

Use the formula again.

Plug in 6000 for 'p', 4% for 'r', and 3 for 't'.

Answer 17

May I get the medal please? Answer is 6749.18 as I explained.

Answer 18

I = (6000)(0.04)(3)

Multiply all of them.

Answer 19

Like @igreen said simple compound of interest

Answer 20

@IQ250 Please do not give answers, it's against OpenStudy's Code-of-Conduct. We are here to guide the asker to the answer, so we need his/her participation.

http://openstudy.com/code-of-conduct

Answer 21

Except you have to do 1.04 to the third power and then you multiply that by 6000

Answer 22

720

Answer 23

Plus, your answer is incorrect.

Answer 24

Yes, 720 is our answer..

Answer 25

It is correct

Answer 26

@IQ250 it's better if you show him how you got that rather then just giving the answer!

Answer 27

But i did :/

Answer 28

1.04 TO THE THIRD POWER TIMES 6000

Answer 29

Medal please?

Answer 30

Simon invested $1550 at 6.5% interest. He earned $302.25 interest at the end of t years.

What is the value of t?

A.
1

B.
3

C.
6

D.
9
@IQ250 @iGreen @KrazyKricket

Answer 31

B

Answer 32

Medal?

Answer 33

It is 100% B once again using the interest formula :P

Answer 34

@mike-and-ike-bros2

Answer 35

are you sure

Answer 36

100%

Answer 37

Fan and medal? And post more if you need Ill help you out bro. @mike-and-ike-bros2

Answer 38

@IQ250 Please do not give answers, it's against OpenStudy's Code-of-Conduct. We are here to guide the asker to the answer, so we need his/her participation.

http://openstudy.com/code-of-conduct

Answer 39

@mike-and-ike-bros2 Post this in a new question.

Answer 40

Ok Got it

Answer 41

I am new here this is my first medal

Answer 42

was 720 the answer @mike-and-ike-bros2