Question

The following information is known about a savings account. Time = 6 years Interest rate = 1.9% Principal = $850 What amount of simple interest will be earned?

A. $16.15

B. $96.90

C. $946.90

D. $9,690.00

Answer 1

I = PRT

T = 6

P = 850

I = 1.9% = 0.019

I = (850)(0.019)(6) = 96.90 <==

Explanation:

Answer 2

i believe it MIGHT be B?