Question

Could someone help me with some Algebra?

Answer 1

I'll try but I stink at algebra

Answer 2

okay so I=PxRxT so P is principal the starting amount of money

Answer 3

than you have R is rate which are supposed to be in decimals so you have to turn the percentages into decimals

Answer 4

which if you are to turn 4% into a decimal what would you get?

Answer 5

I = 350 * 0.04 * T ?

Answer 6

yep! and the Time would be two years

Answer 7

but. There is a problem

Answer 8

R is supposed to be yearly not monthly

Answer 9

So, we would change it into years? But isn't it already in years? Or would be change it to 24 months?

Answer 10

no we would change it to 12 months so you have to multiply it by 12 (anyone correct me if I am wrong)

Answer 11

So if its 2 years, it would change to 24? Or would it stay as 12?

Answer 12

24! sorry I didn't see that

Answer 13

Alright so it would be I = 350 * 0.04 * 24

Answer 14

Do i solve that?

Answer 15

yup

Answer 16

so I = 336?

Answer 17

So then do the same for the other one?

Answer 18

yup

Answer 19

@YanaSidlinskiy

Answer 20

What was the original problem