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Arturiano [62]
3 years ago
11

You deposit $200 in a savings account. The account earns 6% simple interest per year.

Mathematics
1 answer:
Irina-Kira [14]3 years ago
4 0

Answer:

A. $24

B. $224

Step-by-step explanation:

Simple interest=SI

Principle (deposit)= P (200)

Rate=R(6/100=0.06)

Time=T(2)

SI=P•R•T

SI=200x0.06x2

SI=24

Balance= deposit+interest=200+24=224

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