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

Question

3 years ago

5

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

1 answer:

denpristay [2] · Answer 1 · 2022-07-08T09:44:53+03:00

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

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