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jskenzdjd jskenzdjd
  • 02-04-2016
  • Mathematics
Answered

$900 deposited at an interest rate of 3% for 5 years

Verified Answer :

mo2015 mo2015
  • 03-04-2016

.03 times 900 is 27

27 times 5 is $135

Answer Link
penfila11Pen
penfila11Pen penfila11Pen
  • 03-04-2016

I=PRT
P for Price/Principle amount
R for Rate
T for Time in years
I=$900×0.03×5       (3%=@@MATH_TOKEN_0@@=0.03)
 =$
135
Interest=$135
If they want you to find how much is left by the end of the 5th year, you do this:
Original+Interest
$
900+$135
=$
1035

Answer Link

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