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August 1, 2014

August 1, 2014

Posted by **Jennifer** on Tuesday, June 24, 2014 at 7:08pm.

- math-help -
**Jennifer**, Tuesday, June 24, 2014 at 7:28pmI think the answer is $5040.00

- math -
**Ms. Sue**, Tuesday, June 24, 2014 at 7:33pmHow did you get that answer?

- math -
**Jennifer**, Tuesday, June 24, 2014 at 7:47pm4800/9=533.33x5%=266.665

4800+240=5040.00

- math -
**Ms. Sue**, Tuesday, June 24, 2014 at 8:00pmThanks.

The correct way is to use this formula.

Interest = principal * rate * time

I = 4800 * 0.05 * 0.75

I = 180

4800 + 180 = 4980

- math -
**Jennifer**, Tuesday, June 24, 2014 at 8:09pmthank you!

- math -
**Ms. Sue**, Tuesday, June 24, 2014 at 8:24pmYou're welcome.

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