If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year?
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OpenStudy (error1603):
umm
OpenStudy (anonymous):
What 200$ is it for YOU>:?
OpenStudy (error1603):
If the principal is $200 and the interest rate is 4 percent, what is the simple interest earned in one year? I=Prt=200*.04*1=8. The simple interest earned in one year is?
OpenStudy (anonymous):
you said it was 200$:( you was saying a math
OpenStudy (error1603):
Hello @Rose_Marie2016
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OpenStudy (error1603):
$8
OpenStudy (anonymous):
that's hair stuff you name you name hair stuff from rose marie
OpenStudy (error1603):
AFK?
OpenStudy (anonymous):
??????????
OpenStudy (anonymous):
What is AFK
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OpenStudy (anonymous):
please do not spam a question with banter
OpenStudy (anonymous):
away from keyboard = AFK
OpenStudy (anonymous):
someone help me im lost
OpenStudy (anonymous):
oK I'M NOT:)
OpenStudy (error1603):
What? Who's spamming?
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OpenStudy (anonymous):
Going to slam
OpenStudy (anonymous):
i'm not
OpenStudy (anonymous):
is someone going to help me?
OpenStudy (error1603):
It's $8
OpenStudy (anonymous):
thank you @Error1603
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OpenStudy (error1603):
NP
OpenStudy (anonymous):
will you help with my next one?
OpenStudy (anonymous):
@Error1603
OpenStudy (error1603):
Yes
OpenStudy (anonymous):
Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she will have paid back.
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OpenStudy (error1603):
The amount she will have to pay back is $562.75. M=P(1+i)^n M=500(1.03)^4 M=500(1.12550881) M=562.75
OpenStudy (anonymous):
got it thanks
OpenStudy (anonymous):
Ryan has an eight-year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the total amount that he will pay........
OpenStudy (error1603):
He'll pay back is $8,864.73
OpenStudy (anonymous):
What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded annually? .......
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OpenStudy (error1603):
Compounded annually will be $1103.38 in interest, for a total of $8,103,38