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OpenStudy (anonymous):
Find the interest when the principal is $400, the annual rate of interest is 11%, and the time is 2 years.
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jimthompson5910 (jim_thompson5910):
use the formula i = p*r*t ------------------------------------------------------- in this case, p = 400 (principal) r = 0.11 (interest rate in decimal form) t = 2 (time in years)
OpenStudy (anonymous):
$800 $88 $44 $89 those are my choices
OpenStudy (anonymous):
I am so confused on this lol
OpenStudy (anonymous):
88 ok I got it thanks
jimthompson5910 (jim_thompson5910):
yep 88 is right
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OpenStudy (anonymous):
Thanks
jimthompson5910 (jim_thompson5910):
you're welcome
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