Question

Name

Chapter
4
Test B (continued)
8. You deposit $300 in an account that earns simple interest at an annual rate of 5%.
How much money is in the account after 6 years?

Answer 1

we use bodmas!

Explanation:

Answer 2

90

Explanation:

To solve, you have to use the formula

I=Prt

I is the dollars of of simple interest earned

P is principal in dollars

R is the annual interest rate (decimal form)

T is the time in years

I=Prt

I =300*0.05*6

I = 90