Homework Help: 8th grade math

Posted by Destiny on Wednesday, November 28, 2012 at 6:40pm.

Find the interest earned on each account.

$970 at 4 1/2% simple interest for 2 years.

I don't know if I solved the problem correct please help:

I = p x r x t
= 970 x 0.42 x 2
= 814.8

I don't know what number to convert 1/4 to!

8th grade math - Ms. Sue, Wednesday, November 28, 2012 at 6:55pm
I = PRT

I = 970 * 0.045 * 2

I = ?
8th grade math - Destiny, Wednesday, November 28, 2012 at 7:36pm
The answer is $82.45 right?
8th grade math - Ms. Sue, Wednesday, November 28, 2012 at 7:47pm
You're close, but that's not the answer I got.
8th grade math - Delilah, Wednesday, November 28, 2012 at 8:04pm
hmmmm ok thanks!
8th grade math - Destiny, Wednesday, November 28, 2012 at 8:05pm
Oh my gosh its getting sooooo annoying sorry Ms. Sue! I keep forgetting my sister's name is still on here (we share a computer)

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