Question

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

Answer 1

Answer: 820*2*0.03=$49.20

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

Answer 2

The answer is D 49.20