Question

$300 at 5 annual interest for 7 years. Find the simple interest earned in the account
A.$214.29
B.$11.67
C.$420.00
D.$105.00

Answer 1

\[FinalAmount=\frac{ InitialAmount*Time(years)*Interest }{ 100 }=\frac{ 300*7*5 }{ 100 }=$105\]

Answer 2

i dont get it?

Answer 3

That is the formula to use.
You okay with that?

Answer 4

i cant see all of it

Answer 5

You may not see the values, but you saw the formula in words, right?

Answer 6

i think?

Answer 7

Then after that you simply substitute values.

Answer 8

oh ok i get it thank you!

Answer 9

Ok.