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Mathematics 8 Online
OpenStudy (princeesj129):

Mary borrowed $11,000 at 5% interest for 4 years. What was the total interest?

OpenStudy (adrianna.gongora):

$2200

OpenStudy (adrianna.gongora):

@princeesJ129

OpenStudy (adrianna.gongora):

We use the formula: I = prt Where 'p' is 11,000, 'r' is 5%, and 't' is 4 in this case. So plug in what we know: I = (11000)(0.05)(4) Can you multiply 11000 * 0.05 * 4?

OpenStudy (princeesj129):

uum yes

OpenStudy (princeesj129):

2200

OpenStudy (adrianna.gongora):

that is the answer

OpenStudy (princeesj129):

thanks

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