Question

$925 at 2.3% for 2.4 years interest earned

Answer 1

`~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$925\\ r=rate\to 2.3\%\to (2.3)/(100)\dotfill &0.023\\ t=years\dotfill &2.4 \end{cases} \\\\\\ I = (925)(0.023)(2.4)\implies I=51.06`