Posted by Nicole on Sunday, August 4, 2013 at 11:51am.
chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is the amount of interest chris will earn the first year her money is in the savings account? use the formula i=prt

math  Ms. Sue, Sunday, August 4, 2013 at 12:12pm
What don't you understand about this problem?

math  Nicole, Sunday, August 4, 2013 at 12:20pm
how do you solve this question?

math  Ms. Sue, Sunday, August 4, 2013 at 12:23pm
Plug the numbers into the formula.

math  Nicole, Sunday, August 4, 2013 at 12:32pm
percentage= 5%
rate=?
time= 1 year

math  Ms. Sue, Sunday, August 4, 2013 at 12:51pm
Principal = 1500
Rate = 0.05
Time = 1

math  Nicole, Wednesday, August 7, 2013 at 2:17pm
From there on what's the next step?

math  Nicole, Wednesday, August 7, 2013 at 4:09pm
Is that's the answer?
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