Question

Find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

A. $23.10
B. $115.50
C. $683.10
D. $775.50

My answer is $775.50, but if it's wrong can you explain to me why it is?

Answer 1

Ohhh drop dead... you don't know that

Answer 2

775.5 is the correct answer. Trust yourself and Ms Sue.

Answer 3

775.5 is correct then?

Answer 4

They might have unknown psychological powers. Probably how they knew.

Answer 5

Mamas no teacher would use that grammar- 🏃🏾‍♀️😭🤚🏽

Answer 6

I = PRT

I = 660 * 0.035 * 5

I get the same answer that you do. Are you sure there's no typo in your problem?

Answer 7

Thanks I hope I don't get caught on here

Answer 8

Thank you Reiny, for awhile I was looking at other peoples' answers and I was wondering if I was wrong, but now I know, so thank you

Answer 9

No, there is no typo

Answer 10

Yes, it is.