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$900 deposited at an interest rate of 3% for 5 years
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$900 deposited at an interest rate of 3% for 5 years
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Apr 15, 2017
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$900 deposited at an interest rate of 3% for 5 years
Mathematics
middle-school
Ohlin
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Ohlin
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I=PRT
P for Price/Principle amount
R for Rate
T for Time in years
I=$900×0.03×5 (3%=
=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
DFBerry
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Apr 16, 2017
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DFBerry
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4
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.03 times 900 is 27
27 times 5 is $135
Darian Everett
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Apr 21, 2017
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Darian Everett
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