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An account earns 3% yearly simple interest. How much interest will you earn in 2 years if you put $820 in the account A. $869.94 B. $49.94 C. $869.20 D. $49.20
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16 votes
An account earns 3% yearly simple interest. How much interest will you earn in 2 years if you put $820 in the account

A. $869.94
B. $49.94
C. $869.20
D. $49.20

User Stormbeta
by
8.7k points

2 Answers

7 votes

Answer: 820*2*0.03=$49.20

Step-by-step explanation: Principle*rate*time=answer

User Samarth Juneja
by
8.1k points
7 votes
The answer is D 49.20
User Bodger
by
7.9k points
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