Answer:
$111400
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5.7%/100 = 0.057 per year,
then, solving our equation
I = 100000 × 0.057 × 2 = 11400
I = $ 11,400.00
The simple interest accumulated
on a principal of $ 100,000.00
at a rate of 5.7% per year
for 2 years is $ 11,400.00.
