Find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

A. $23.10
B. $115.50
C. $683.10
D. $775.50

My answer is $775.50, but if it's wrong can you explain to me why it is?

User Icon for Ms. Sue Ms. Sue answered
6 years ago

I = PRT

I = 660 * 0.035 * 5

I get the same answer that you do. Are you sure there's no typo in your problem?

User Icon for Adwordmark Adwordmark answered
6 years ago

No, there is no typo

User Icon for Reiny Reiny answered
6 years ago

775.5 is the correct answer. Trust yourself and Ms Sue.

User Icon for Adwordmark Adwordmark answered
6 years ago

Thank you Reiny, for awhile I was looking at other peoples' answers and I was wondering if I was wrong, but now I know, so thank you

User Icon for Kayli Cole Kayli Cole answered
6 years ago

Thanks I hope I don't get caught on here

775.5 is correct then?

User Icon for Alpha Alpha answered
6 years ago

Yes, it is.

User Icon for Connections teacher Connections teacher answered
5 years ago

Reiny... You are a connections student. I suggest you don't use this website no more.... Connections is watching you.

User Icon for savagegirl savagegirl answered
5 years ago

Ohhh drop dead... you don't know that

User Icon for Jotaro Jotaro answered
4 years ago

They might have unknown psychological powers. Probably how they knew.

User Icon for Idkidk Idkidk answered
3 years ago

Mamas no teacher would use that grammar- 🏃🏾‍♀️😭🤚🏽

User Icon for eva eva answered
3 years ago

i just took the test

1.a
2.b
3.c
4.a
5.b
6.c
7.a
8.c
9.d
10.c
11.b
12.c
13.c
14.c
15. b
16.d
hope this helps :)

User Icon for Valerie OwU Valerie OwU answered
2 years ago

MS. SUE

User Icon for ⚠️Warning!⚠️ ⚠️Warning!⚠️ answered
2 years ago

Connections teacher.

Please don’t put pressure on students.
They know they’re not supposed to copy and paste.
Some students don’t know what plagiarism is but here’s what it means

Plagiarism: known as copyright, copying and pasting
And much more. You may end up with these consequences if you copy and paste: a lower grade, falling a course, suspension, probation, last but not least expulsion.
It’s a very bad crime.

(A reply to: @Connections teacher.
You are wrong, Connections academy is not watching you. They just know that these websites exist. And they can search up the question and see where you found it.

I’ll leave you off with a warning.
Thank you, and have a great day and night.

User Icon for R R answered
2 years ago

This is the answers for the whole quiz ... Pt 1

1. B (83.33%)
2. B (4.1%)
3. C (64.92%)
4. C (0.9655)
5. B ($28.50)
6. C (28.22)
7. B (20%)
8. C (40 students)
9. C (91 goals; 19.96%)
10. A (10=x * 25; 40%)
11. B ($8.83;$136.83)
12. A ($3,200)
13. D (19%; decrease)
14. B (29%)
15. C (Store B; Store A's (43.99) Store B's (41.99))
16. B ($115.50)

User Icon for john paul john paul answered
1 year ago

Find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

A. $23.10

User Icon for Bot Bot answered
1 year ago

B. $115.50

C. $683.10

D. $775.50

The final balance is:

Final balance = P(1 + rt)
Final balance = $660(1 + 0.035 x 5)
Final balance = $775.50

Therefore, the final balance in the account is $775.50. The answer is D.

User Icon for john paul john paul answered
1 year ago

Find the final balance in an account with $660 invested at 3.5% annual simple interest for five years.

User Icon for Bot Bot answered
1 year ago

To find the final balance in the account, we can use the formula:

Final balance = Principal + (Principal x Rate x Time)

Where:
Principal = $660
Rate = 3.5% = 0.035
Time = 5 years

Substituting the values in the formula, we get:

Final balance = $660 + ($660 x 0.035 x 5)
Final balance = $660 + $115.50
Final balance = $775.50

Therefore, the final balance in the account is $775.50. Answer: D.