kammichelle08 kammichelle08

25-03-2021
Mathematics

contestada

You deposit $200 in a savings account. The account earns 6% simple interest per year.
A. What is the interest earned after 2 years?
B. What is the balance after 2 years

Respuesta :

printpinkie printpinkie

25-03-2021

Answer:

A. $24

B. $224

Step-by-step explanation:

Simple interest=SI

Principle (deposit)= P (200)

Rate=R(6/100=0.06)

Time=T(2)

SI=P•R•T

SI=200x0.06x2

SI=24

Balance= deposit+interest=200+24=224

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