Which of the following investments will earn the smallest amount of interest? a. $8,030, invested for 2 years at 2.0% interest b
. $1,901, invested for 8 years at 4.0% interest c. $5,330, invested for 6 years at 2.0% interest d. $3,970, invested for 6 years at 4.0% interest
2 answers:
Hi there :-)
The formula is
I=p×r×t
Now let's figure out each option
a)8,030×0.02×2
=321.2.....smallest amount
B)1,901×0.04×8
=608.32
C)5,530×0.02×6
=663.6
D)3,970×0.04×6
=952.8
The answer is a
Hope it helps
Answer:
The answer is A.) 8,030, invested for 2 years at 2.0% interest
Step-by-step explanation:
The formula is
I= p×r×t
A.) 8,030×0.02×2
=321.2
B.) 1,901×0.04×8
=608.32
C.)5,530×0.02×6
=663.6
D.)3,970×0.04×6
=952.8
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Hope this helps!
You divide 1 by 4.76 and you get 0.21 as your main answer
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Answer:
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