24-11-2014
Mathematics

Answered

Based on simple interest, find the total amount saved or owed.

principal = $1700; rate = 6%; time = 5 years

A.
$1802

B.
$1904

C.
$2210

D.
$2312

Answer :

SlowZasob SlowZasob

25-11-2014

Firstly we need to find out how much is 6% from $1700:

1700 * 6% =
= 1700 * 6/100 =
= 17 * 6 =
= 102

Now we multiply the result by 5 (years):

102 * 5 = 510

Now we add $510 to the principal:

$1700 + $510 = $2210

Correct answer: C

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