0

0

Simple interest means that there is no compounding during the period in question. However you have not said if 7% is the annual rate of interest or the amount of interest that will be earned during the two year period.

If 7% is an annual rate then the answer is $700. If it is 7% for the two year period then the answer is $350.

If 7% is an annual rate then the answer is $700. If it is 7% for the two year period then the answer is $350.

1

how did u get this answer? this is a ? on the GED test, I am so bad at math! how did u come up with $700? Somehow I did come up with $350 but that was the wrong answer it was $700. so how did u come up with that answer for 1 and 2 whats the difference between annual rate, or amount earned during this 2 year period? I dropped our of H.S because I was so behind in my math credits I was a senior in a algebra 1a class (like middle school algebra and I still had a hard time) so I dropped out knowing I wouldnt graduate with my class, went on to make $ in a more physical skilled job which is my cup of tea then brain work lol but now im married and been a stay at home mom with 2 boys since 2009 one is 3 one is 1 1/2 so im starting to get my GED process along so I can go to college to help my husband make some money for this family, Im so out of touch with school expeshially math.

mmpconover Nov 27, 2012

.7 x 5000.00. I am trying to get my GED as well. I have learned that if something is say, 20% off and the item is say $10.00 . you find the answer by taking 20 cents of each dollar. So it would be $2.00 off $9.00. So on the interest Question it would be 7 cents for each dollar. Hope that helps.

0

Can you help them?

- Hello I'm 26 , this year I made $5000, I worked in Philadelphia. I have on child 9 months
- Expert radiologist second opinion for your advanced imaging study: anyone interested?
- Is it considered a second mortgage?will the interest rate be higger?
- I am year down student from pune university in entc engg 2nd year.
- I am interested in knowing more about safe bikini waxing.
- How to increase my cpa(cumulative point average) in the second year at university?
- Is it bad I like someone two years older then me?
- Iam a 54 year old lady raising two grandgirls my job fired me after 30 years because I had 13 patien
- How many two input NAND gate is needed to represent a two input OR gate?
- Hi, I am actually 16 years old. I have a boyfriend and we would be turning one year this Christmas.

You may want to know:

- Will you please view my two short and interesting articles at this link:
- What are the two reasons for increasing interest in beauty?
- Should I go to the casino and win $5000 on blackjack what day of the month is lucky. pick 1 day
- I am a girl who is interested in girls!
- I am interested in splitting 100 acres with four people.
- Hi, I am interested for a super good t-shirt designer application for my printing business
- I am interested in becoming a wedding decorator.?
- Is this shy girl showing she is interested and nervous or just not interested?
- If I am in a relationship for 4 years in alabama am I common law married
- I am 12 years old and I am really confused about life/family issues, help!

© 2015 eHelp