Anonymous
Anonymous asked in Science & MathematicsMathematics · 2 months ago

What is this math problem?

Attachment image

2 Answers

Relevance
  • 2 months ago

    The formula for *simple* interest is:

    I = Prt

    P : Principal (1750)

    r : annual interest rate as a decimal (0.02)

    t : time in years (9)

    Just plug those values in:I = 1750 * 0.02 * 9

    I = 315

    It's more common to find *compound* interest in real life, but this is Math World where it's easier to start with simple interest.

  • Jim
    Lv 7
    2 months ago

    P = P₀ (1+ 0.02)^9

Still have questions? Get your answers by asking now.