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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

5 votes

Answer:

$ 60.50

Explanation:

A = P + I where

P (principal) = $ 50.00

I (interest) = $ 10.50

User Lloyd Rochester
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