jaazzzc11 jaazzzc11
  • 12-10-2020
  • Mathematics
contestada

If we deposit $2,200 in an account that pays 4% per year, find the amount of simple
interest earned during the 2 years period.

Respuesta :

Ningwa
Ningwa Ningwa
  • 12-10-2020

Step-by-step explanation:

Principal(P) =$2200

Rate(R) =4%

Time(T)=2 yrs

Simple Interest=PTR/100

I=2200*4*2/100

=$176

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