Question

Jennifer deposited $1,750 in a saving account that earns 1.9% simple interest. How much interest has Jennifer earned by the end of the first year?

A. $1,783.25***I got this answer***
B. $33,25
C. $3,325.00
D. $921.05

Answer 1

simple interest formula
I=PRT
I=interest
P=principal=amount invested
R=rate in decimal
T=time in years



we are given
P=1750
R=1.9%=0.019
T=1

I=PRT
I=(1750)(0.019)(1)
I=33.25

that's how much interest

total will be $1750+interest=$1750+$33.25=$1783.25

your answer is right