Suppose you deposited $100 in a savings account 2 years ago. The simple interest rate is 2.7%. The interest that you earned in
those 2 years is $5.40. Which of the following is/are true? p=100 r=5.40 i=2.7% t=2
2 answers:
I agree with the person above
Answer:
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Suppose you deposited $100 in a savings account 4 years ago with a simple interest rate of 2.2%.
Principal P= $ 100
Time t = 4 years
rate of interest = 2.2 %
Formula of simple interest
Plugging the value in formula
simple interest =
simple interest =
simple interest = $ 8.8
so the stament is true
Step-by-step explanation:
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