Question

PLZZZ HELLPPPP

Mitchell has $180 in a savings account that earns 10% annually. If the interest is not compounded, how much interest will he earn in 2 years?
A) $3.60
B) $18.00
C) $36.00
D) $216.00

Answer 1

10% of 180 is 18, so over 2 years that is 20%, so 36 dollars.

Answer 2

C) $36.00 for two years because you divide $180 by 10% and you get 18. 18 multiplied by 2 years equals 36 dollars.