The interest is <span>$20 </span><span>and the amount is </span>$220<span>.
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STEP 1: Find an interest by using the formula <span>I=P⋅i⋅t</span>, 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
<span><span>III</span><span><span>=P⋅i⋅t</span><span>=200⋅0.05⋅2</span><span>=20</span></span></span>
STEP 2: Find an amount by using the formula <span>A=P+I</span>.
Since P = $200 and I = $20 we have
<span><span><span>AAA</span><span><span>=P+I</span><span>=200+20</span><span>=220
Hope this helped have a wonderful day!</span></span></span></span>
