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sladkih [1.3K]
2 years ago
5

Suppose you deposited ​$100 in a savings account 4 years ago. The simple interest rate is 2.9%. The interest that you earned in

those 4 years is ​$11.60. Which of the following​ is/are true?
A. t=4
B. p=2.9%
C. I=11.60
D. r=100
Mathematics
1 answer:
denpristay [2]2 years ago
5 0

Answer:

T=4

l=11.60

Step-by-step explanation:

T is for time,and time given is 4.

so t=4 years

and Interest given is 11.60 bucks

so I=11.60

keep in mind that PRINCIPAL IS NEVER A PERFENTAGE!

RATE IS ALWAYS A PERCENTAGE!

Here, principal is 100 bucks and rate is 2.9%

also keep in mind that principal isnalways greater than interest.

thank you

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