Question

Bodens account has a principal of $500 and a simple interest rate of 3.3% . complete the double number line. HOW MUCH money will be in the account after 4 years, assuming Boden does not add or take out any money.

Answer 1

Answer:$66.00

Explanation:

first we need multiply :D I will use the formula I =prt

principal= $500

rate=3.3%

time= 4 years

but we need to convert the percent, 3.3%, to a decimal

3.3%=0.033 or .033

now we multiply !

500 × 0.033 × 4 = 66 = $66.00

Answer 2

$66.00

Explanation:

first we need multiply :D I will use the formula I =prt

principal= $500

rate=3.3%

time= 4 years

but we need to convert the percent, 3.3%, to a decimal

3.3%=0.033 or .033

now we multiply !

500 × 0.033 × 4 = 66 = $66.00

:D