Question

I don't under stand how to do this.

Principle $400
Rate is 5%
Time is 1 year

Answer 1

Ok, what do we have to find? What is the question.

Balance? Simple Interest? Compound interest?

Answer 2

^^

Answer 3

It just says find the intrest

Answer 4

Interest*

Answer 5

@MissSmartiez

Answer 6

Could you please explain the steps to figure it out?

Answer 7

Ok, just the interest? It would be

P x R x T

Answer 8

So just multiply?

Answer 9

First, we just put the percent into a decimal.


5 / 100 = 0.05.

Then do the formula.


0.05 x 400 x 1 =

Answer 10

The answers are
10
20
40
200

Answer 11

Do the problem, I see what the answer is.

Answer 12

Oh okay.

Answer 13

20?

Answer 14

Thank you so much @MissSmartiez

Answer 15

I am giving you a medal

Answer 16

Correct, :)

No prob.

Answer 17

So what do I do if the % is already a decimal?

Answer 18

@MissSmartiez

Answer 19

This one says
Principle 1000
Rate 8.5
Time 3

Answer 20

The rate is already a decimal.

Answer 21

What do you want, the interest (simple if it just says interest) or the compound interest?

Answer 22

Interest

Answer 23

All of them are just Interest

Answer 24

Is it 8.5% or just 8.5

Answer 25

because a percent can be a decimal at the same time.

Answer 26

8.5%

Answer 27

ok then.

0.085 x 1000 x 3 =

Answer 28

Any answer choices.

Answer 29

255
170
22.5
17

Answer 30

@MissSmartiez