JERRY invested $650 at a simple interest rate of 3.5% per year. How much will Jerry have in 8 years.

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To calculate the amount Jerry will have in 8 years, we can use the formula for simple interest:

Simple Interest = Principal * Rate * Time

Where:
Principal = $650 (the initial amount Jerry invested)
Rate = 3.5% per year (in decimal form, 0.035)
Time = 8 years

Substituting these values into the formula, we get:

Simple Interest = $650 * 0.035 * 8

Simplifying this equation, we have:

Simple Interest = $182 * 8

Calculating this, we get:

Simple Interest = $1,456

Therefore, Jerry will have $1,456 in 8 years.

To calculate the amount Jerry will have after 8 years, you can use the formula for calculating simple interest:

Interest = Principal x Rate x Time

In this case, the principal is $650, the interest rate is 3.5% (or 0.035 as a decimal), and the time is 8 years.

So, the formula becomes:

Interest = $650 x 0.035 x 8

Now, we can calculate the interest.

Interest = $650 x 0.035 x 8 = $182

To find the final amount Jerry will have after 8 years, we add the interest earned to the principal:

Final Amount = Principal + Interest

Final Amount = $650 + $182

Final Amount = $832

Therefore, Jerry will have $832 in 8 years.