Question

Find the interest on $4,500 at 5.2% for 2 and a half years. Which of the following equations would be used to solve this problem?

Please help!

A: 4500 = P(0.052)(2.5)

B: I = (4500)(5.2)(2.5)

C: I = (4500)(0.052)(2.5)

D: I = (4500)(0.52)(2.5)

Answer 1

The answer is A=4500(1 + (0.052 × 2.5)) = 5085

Explanation:

Since that is what you need the answer is C