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Kisachek [45]
3 years ago
11

What is the interest due on $250 at 11% for 2 years

Mathematics
2 answers:
krek1111 [17]3 years ago
5 0

the intrest due on$250 at 11% for 2 years 55.00

Afina-wow [57]3 years ago
3 0

\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad  \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\to& \$250\\ r=rate\to 11\%\to \frac{11}{100}\to &0.11\\ t=years\to &2 \end{cases} \\\\\\ I=(250)(0.11)(2)\implies I=55

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