Question

Which of the following investments will earn the smallest amount of interest? a. $8,030, invested for 2 years at 2.0% interest b. $1,901, invested for 8 years at 4.0% interest c. $5,330, invested for 6 years at 2.0% interest d. $3,970, invested for 6 years at 4.0% interest

Answer 1

The answer is A.) 8,030, invested for 2 years at 2.0% interest

Explanation:

The formula is

I= p×r×t

A.) 8,030×0.02×2

=321.2

B.) 1,901×0.04×8

=608.32

C.)5,530×0.02×6

=663.6

D.)3,970×0.04×6

=952.8

Answer 2

Hi there :-)
The formula is
I=p×r×t

Now let's figure out each option
a)8,030×0.02×2
=321.2.....smallest amount

B)1,901×0.04×8
=608.32

C)5,530×0.02×6
=663.6

D)3,970×0.04×6
=952.8

The answer is a

Hope it helps