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PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!! How much would be earned on a $425 deposit earning 3% simple interest for 2 years? A. $12.75 B. $25.50 C. $25.88 D. $38.25
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2 votes
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

How much would be earned on a $425 deposit earning 3% simple interest for 2 years?

A. $12.75

B. $25.50

C. $25.88

D. $38.25

User Luke Foust
by
7.1k points

2 Answers

5 votes

Answer:

$25.50

Explanation:

simple interest = 425 x 2 x 0.03 = 25.5

User Neal Kruis
by
7.5k points
4 votes

Answer:

B

Explanation:

I=prt

I=$425*2*3/100

I=25.5

User Zaksh
by
7.6k points
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