Question

Suppose you deposited ​$100 in a savings account 2 years ago. The simple interest rate is 2.7%. The interest that you earned in those 2 years is ​$5.40. Which of the following​ is/are true? p=100 r=5.40 i=2.7% t=2

Answer 1

I agree with the person above

Answer 2

ok if im right mark me branly pleaseeee

Suppose you deposited $100 in a savings account 4 years ago with a simple interest rate of 2.2%.

Principal P= $ 100

Time t = 4 years

rate of interest = 2.2 %

Formula of simple interest

Plugging the value in formula

simple interest =

simple interest =

simple interest = $ 8.8

so the stament is true

Explanation: