Question

Juan deposited $200 in a savings account earning 3% interest over 2 years.

What was the total amount of interest earned at the end of 2 years?

A.
$12

B.
$24

C.
$120

D.
$240

Answer 1

@johnweldon1993

Answer 2

I just need help checking my answers..I have a five question test and I have gotten all of the answers ready

Answer 3

Simple interest

\[\large I = PRT\]

The interest accrued would be \(\large I = 200*0.03*2 = ?\)

Answer 4

12-Thats what I had

Answer 5

@johnweldon1993 - I got $3600

Mai borrowed $12,000 at 5% interest for 6 years.

What was the total interest Mai paid?

Answer 6

\[\large \color \red{\checkmark}\]

Answer 7

YAY

Answer 8

@johnweldon1993

For this question I only found T..and I don't even think that it is right!

2.833333332 - That is T. (Supposedly)

Katie invested $1200 at 8.5% interest. She earned $612 interest at the end of y years.

What is the value of y?

Answer 9

Sorry I thought I had this one

Answer 10

Actually is it 6

Answer 11

\[\large I = PRT\]
\[\large T = \frac{I}{PR} = \frac{612}{1200(0.085)} = 6\]

There ya go :)

Answer 12

@johnweldon1993 - I think this one is 6 again!

Lily invested $750 in a savings account and earned $225 in interest at the end of 5 years.

What was the interest rate?

A.
5%

B.
5.5%

C.
6%

D.
6.5%

Answer 13

Thanks so much for your help!

Answer 14

You're right again! Great job! :)

Answer 15

Thanks

Answer 16

Do you think you could help me with ratios

Answer 17

I am terrible at ratios

Answer 18

I will open a new question