help yall..

Question

help yall..

ILikeToEatChildren · Answer

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ILOVESPAGHETTI · Answer

Alright, so to find interest you will use this formula I = PRT
P = Principle
R = Rate
T = Time (Must be in years)
So, using this formula a way you could find the interest is to turn the percentage to a decimal. 
5.75% to 0.0575
Then, you just multiply all your key words.
$$5,000\times5\times0.0575$$
Another way is to do this
$$5.75\space\ percent\space\ of\space5000\times5$$

ILOVESPAGHETTI · Answer

@ilovespaghetti wrote:

Alright, so to find interest you will use this formula I = PRT P = Principle R = Rate T = Time (Must be in years) So, using this formula a way you could find the interest is to turn the percentage to a decimal. 5.75% to 0.0575 Then, you just multiply all your key words. $$5,000\times5\times0.0575$$ Another way is to do this $$5.75\space\ percent\space\ of\space5000\times5$$

Our Principle is 5,000 (Our balance). Our Rate is 5.75%, finally our time is 5 years!

ILikeToEatChildren · Answer

OMG thanks so much this really helped

ILOVESPAGHETTI · Answer

@iliketoeatchildren wrote:

OMG thanks so much this really helped

Of course!! If you have any confusion don't be afraid to tell me

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