I need help with this question, and show me how you did it.
Troy and his wife Angela put $5,000.00 of their savings into a bank account earning 7.25% interest. How much will Trey and Angela have in all after 3 years?
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OpenStudy (anonymous):
ok, then help me LOL
OpenStudy (peach3113):
Okay, so what do you think it is?
OpenStudy (peach3113):
Is the question multiple choice?
OpenStudy (peach3113):
I'm not the best at math. I'm trying to help though. :P
OpenStudy (anonymous):
See principal is given interest rate is given and time is given u can calculate interest and then add it to the amount
A= P + PTR/100. It's 6087.5 Because its asking the total amount a the end.So u have to add interest and principal
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OpenStudy (anonymous):
here are the answer choices
$90.63
$362.50
$1,087.5
$6,087.5
OpenStudy (peach3113):
Oh, wow. I was wrong, but Tyler was right. Good job dude. :P
OpenStudy (anonymous):
look at my explanation, thers an answer
OpenStudy (anonymous):
thx @Peach3113
OpenStudy (anonymous):
thank guys you both did good for helpig me.
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