Question

Find the interest on $4,500 at 5.2% for 2 and a half years. Which of the following equations would be used to solve this problem? I = (4500)(0.052)(2.5) I = (4500)(0.52)(2.5) 4500 = P(0.052)(2.5) I = (4500)(5.2)(2.5) Answers 1. Euphemia Answer: I = (4500)(0.52)(2.5) Step-by-step explanation: I used Substitution and I got the 2nd one. I calculated the Original problem and I got 5,850 and I substituted each problem and the 2nd one matched the origin problem. Reply 2. kimchi2 Answer: A. I = (4500)(0.052)(2.5) Step-by-step explanation: Find the interest on$4,500 at 5.2% for 2 and a half years. Which of the following equations would be used to solve this problem?
• 5.2/100 = 0.052
• 2 and a half years = 2.5
I = (4500)(0.052)(2.5)
I = \$585
Hope this helps!