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    zanemilak's Avatar
    zanemilak Posts: 2, Reputation: 1
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    #1

    Mar 24, 2013, 05:03 PM
    Free help on math word problems
    How much simple interest would Mr. Orneals make if he invested $700 over 2 years at 8% interest.
    teacherjenn4's Avatar
    teacherjenn4 Posts: 4,005, Reputation: 468
    Education Expert
    		  
    #2

    Mar 24, 2013, 05:14 PM
    We don't do your homework here. You post your attempt and then we will help you.
    Badreams's Avatar
    Badreams Posts: 6, Reputation: 0
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    #3

    Apr 11, 2013, 07:20 PM
    $112
    Alty's Avatar
    Alty Posts: 28,317, Reputation: 5972
    Pets Expert
    		  
    #4

    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's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #5

    Apr 12, 2013, 12:49 PM
    The formula for interest is:

    Interest = Principal times Rate times Time
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