Answer:3
Step-by-step explanation:
Answer:
Dont count me if I'm wrong but if you divide 225 by 30 you get 7.5
So your answer should be 7.5
Just plug in 500 for p, 0.2 for r (because 20% is equivalent to 0.20), and 2 for t:

So, if you start with $500 and charge an interest rate of 20% for 2 years, you will gain $200 to get $700 in total.