Question

Find the simple interest.

principal = $750; rate = 14%; time = 4.5 years



A.
$105


B.
$420


C.
$472.50


D.
$1222.50

Answer 1

Start by turning the percentage into a decimal

Answer 2

0.01

Answer 3

To conver 14% into a decimal you divide it by 100
14/100=?

Answer 4

0.14

Answer 5

Ok good now we plug it into the formula
\[\huge~\rm~P=750 \times 0.14 \times 4.5\]
calculate that :)

Answer 6

Let me know when you have the answer

Answer 7

P = 472.5

Answer 8

Correct which option does that match ?

Answer 9

P=472.50
dont forget the 0 :P

Answer 10

C!

Answer 11

Yes! ^_^ Well done! :-)