Question

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

Answer 1

$25.50

Explanation:

simple interest = 425 x 2 x 0.03 = 25.5

Answer 2

B

Explanation:

I=prt

I=$425*2*3/100

I=25.5