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An account earns annual simple interest find the interest earned, principal, interest point, or time interest earned:? principal:$800 interest rate:6.5% time: 2 years
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An account earns annual simple interest find the interest earned, principal, interest point, or time

interest earned:?
principal:$800
interest rate:6.5%
time: 2 years

User Riva
by
8.0k points

2 Answers

3 votes
if u want simple interest than:
I=PRT
I=(800)(0.065)(2)
I=104
User Joe Crozier
by
8.8k points
6 votes
You have to apply the formula of the interest :

I = PRT
I = (800)(0.065)(2)
I = 104

The interest earned is 104.
User Vanethos
by
8.8k points
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