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Correct answers only please!

To the nearest cent, how much interest will she earn in 2 years?

Use the formula B = p(1 + r)t, where B is the balance (final amount), p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Correct answers only please! To the nearest cent, how much interest will she earn-example-1

1 Answer

4 votes

Answer:

$915.92

Explanation:

i = p(1 + r)^t

i = $800(1 +.07)^2

i = $800(1.07)^2

$915.92

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