Question

Robert invests $1,100 at an annual interest rate of 8% for the period of 1 year. What equation shows the relationship between principal amount (p), rate of interest (r), period of investment in years (t), and interest earned (i).

Answer 1

88 dollars

The equation would be:
prt=i
(1)(.08)(1100)=88

Hope this helps! ☺

Answer 2

88 dollars hope this helps