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OpenStudy (tinasalter010913):
Compute the amount of interest earned in the following simple interest problem. A deposit of $1,295 at 7% for 180 days = _____. (Note: Use 365 days in a year)
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RhondaSommer (rhondasommer):
is the interest monthly?
OpenStudy (tinasalter010913):
yes it is.
RhondaSommer (rhondasommer):
divide 180/30
OpenStudy (tinasalter010913):
would that be my answer?
RhondaSommer (rhondasommer):
nope; thats the amount of months
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RhondaSommer (rhondasommer):
you need to find out how much 7% is
RhondaSommer (rhondasommer):
|dw:1454524809915:dw|
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