zanemilak
Mar 24, 2013, 05:03 PM
How much simple interest would Mr. Orneals make if he invested $700 over 2 years at 8% interest.
teacherjenn4
Mar 24, 2013, 05:14 PM
We don't do your homework here. You post your attempt and then we will help you.
Alty
Apr 11, 2013, 08:05 PM
Do you know how to calculate percent?
Mr. Omeals has $700 he's investing at 8% for 2 years.
What would the equation be to figure out one year of interest?
Post your work and we'll critique it, but the rules of this site are clear, we do not do homework, and we don not provide answers. We'll look over your work, but you have to do the work.
pready
Apr 12, 2013, 12:49 PM
The formula for interest is:
Interest = Principal times Rate times Time