Question

Find the interest on $5,200 at 6% for 2 and a half years. Which of the following equations would be used to solve this problem?

Answer 1

(5200×.06) 2.5

Explanation:

this would be the equation

Answer 2

$5,843 or $642

Explanation:

At the end of 2 years, your savings will have grown to $5,842.

You will have earned in $642 in interest.