Question

an account earns simple interests.600 at 5% for 2 years.Find the interest earned and the account balance.

Answer 1

Answer= $60.00

Work-

I = P • R • t

P= 600

R= 5% =.05

T= 2 years

600 • .05 • 2

60

Interest + Principal (extra work you don’t need lol)

$660.00

please let me know if this is wrong. I just learned it and I believe this is right but if for some reason it’s wrong please let me know lol. Good luck!!