How much interest would you earn investing $200.00 at 5% for 2 years

Mathematics

2 answers:

Contact [7]3 years ago

6 0

The interest is $20 and the amount is $220.

STEP 1: Find an interest by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

In this examplee P = $200, i = 5% and t = 2 years, so

III=P⋅i⋅t=200⋅0.05⋅2=20

STEP 2: Find an amount by using the formula A=P+I.

Since P = $200 and I = $20 we have

AAA=P+I=200+20=220

Hope this helped have a wonderful day!

ozzi3 years ago

6 0

5% of 200 is $10 multiplied by 2 years and you get $20 in interest. The total amount ends up being $220

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