Question

We can use the following expression to calculate interest:
Prt

where
P = initial deposit
r = interest rate (expressed as a decimal)
t = number of years invested

Jim deposited $3000 for 5 years at a rate of 2.5%

Plug in the values and solve.

3000(0.025)(5)

Which answer is the most reasonable (makes the most sense)?

A. 0
B. 375
C. 3,750,000

Answer 1

@GabeBae

Answer 2

guessing C?

Answer 3

Multiply 3000(0.025)(5)

Answer 4

Answer is not C..

Answer 5

It's B lol

Answer 6

You're multiplying it by something less than one so it decreases not increases.

Answer 7

Well if it's not C it's probably B. As if you multiply with deciamls and whole numbrts, it doesn't increase

Answer 8

It's B

Answer 9

That's what I just said...

Answer 10

xD