revenuelawt223 revenuelawt223
  • 10-05-2018
  • Mathematics
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Can someone see if I did this right I got 8937.5

Can someone see if I did this right I got 89375 class=

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CrystalFlame
CrystalFlame CrystalFlame
  • 11-05-2018
It will be $8937.5 because you have to multiply 6500 by .075 (that’s the percent as a decimal) and then multiply the product by 5 years, which will equal to 2437.5. Next you add the interest, which is the total, by the principle, 6500, and you will get the balance of $8537.50. So yes you are correct
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