Question

Ivanna deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 3 years

Answer 1

@mathmate

Answer 2

@M3GA-BIT3

Answer 3

ohh i havnt done this in forever hold on lemme look at the steps to doing this

Answer 4

okay awesome

Answer 5

i think i got the answer

Answer 6

what did u get

Answer 7

720

Answer 8

so i know u have to multiply your percent by your deposit, but you have to make your percent in to a decimal first right?

Answer 9

so 0.03 * the 8000

Answer 10

3% of 8000 is 240 a year

Answer 11

then you multiply that by 3

Answer 12

ohh snap crap forgot about that part...yikes im not much help am i?

Answer 13

you learn new things everyday and i appreciate your time and effort

Answer 14

actually lol its the same thing i got the same thing i just made it a decimal first

Answer 15

i swear they dont teach people the same math anymore

Answer 16

thnx for the medal:)