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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Ulad Kasach asked Oct 4, 2023

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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

Mathematics
middle-school

Ulad Kasach asked Oct 4, 2023

by Ulad Kasach

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Answer: 820*2*0.03=$49.20

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

MrGadget answered Oct 5, 2023

by MrGadget

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22 votes

The answer is D 49.20

Rysqui answered Oct 10, 2023

by Rysqui

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