Question

100 points please help.

Answer 1

$450.40

Explanation:

well 5630 times .04 = 225.2 times it by 2 = 450.40

Answer 2

The interest earned is $450.40

Explanation:

We are given the formula

I =PRT

where I is the interest, p is the principal, r is the rate and t is the time

p = 5630,

r = 4 % which we convert to a decimal = .04

t = 2 years

Substitute these into the equation

I = 5630 * .04 * 2

450.40

The interest earned is $450.40