camilabalvin2006 camilabalvin2006

22-04-2020
Mathematics

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Find the simple interest of $300 at 5% for 5 years

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C2004simmons C2004simmons

22-04-2020

Answer:

$382.88

Step-by-step explanation:

Here's your equation:

(300 x 1.05)

This will be computed 5 times, each time substituting the new product for 300.

(Disclaimer: There are other, more complicated ways to compute this, but I have given you the one I thought best.)

:)

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