Question

Simon invested $1,550 at 6.5% simple interest. He earned $302.25 in interest after t years. What is the value of t?

6

9

3

1

Answer 1

Its C 3

Answer 2

thank you

Answer 3

6.5% of 1,550 = 1,550 * .065 = 100.75 per year

100.75 * T years = 302.25
T = 302.25/100.75 = 3 years answer B

Answer 4

each year he earns $ 1550 * 6.5/100
work this out then divide it into 302.25 to get t.

Answer 5

YW :)

Answer 6

Suzanne deposited $2,500 in a savings account earning 3.5% simple interest. What was the total interest earned after 6 years?

$4,500

$52.50

$450

$525

Answer 7

$2500* 0.035*6

Answer 8

grab ur calculator and work it out

Answer 9

Its 525

Answer 10

the simple interest formula is
I = Prt
i= Interest
P=principal
R= rate
t = time just plug and solve for the missing piece

Answer 11

thats umm 450 right?

Answer 12

@addictbeau - please dont give direct answers Read the Code of Conduct for this site

Answer 13

Sorry I was going to explain it afterwards :)

Answer 14

is it 450?

Answer 15

No its not

Answer 16

oh 525?

Answer 17

Yes bc if you do $2500*0.035*6 you get 525 :)

Answer 18

o ok thank you

Answer 19

No problem