Question

Find the simple interest earned to the nearest cent for the principal, interest rate, and time.

$500, 4%, 2 years



I = prt



A.
$50

C.
$48

B.
$62

D.
$40

Answer 1

D. $40

Explanation:

you just plug in the numbers given to each of the values

p=$500

r=4%

t=2

then multiply them together and you have your answer

btw when multiplying them 4% would be .04 instead

hope this helps!