Question

Can someone please help me? I keep losing points...

CORRECT ANSWERS ONLY PLEASE!!!!

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Round your answer to the nearest cent.

Answer 1

$14000

Explanation:

Using the given formula :

I = P × R × T

I = 70000 × 4/100 × 5

I = $14000

Answer 2

$14,000

Explanation:

i = prt

i= ($70,000)(.04)(5)

i = $14,000