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The amount of interest is determined by multiplying the amount in savings by the: A. annual interest rate. B. annual interest rate and the time period. C. time period. D. time p…

The amount of interest is determined by multiplying the amount in savings by the: A. annual interest rate. B. annual interest rate and the time period. C. time period. D. time p…
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The amount of interest is determined by multiplying the amount in savings by the:

A. annual interest rate.
B. annual interest rate and the time period.
C. time period.
D. time period and number of months.

asked
User Simpanoz
by
7.9k points

2 Answers

6 votes

Answer:

B. Annual interest rate and the time period.

Step-by-step explanation:

answered
User Alireza Eliaderani
by
7.9k points
2 votes
The answer is b. Annual interest rate and the time period.
Here's the explanation to my answer:
=> The amount of interest is being determined by multiplying the amount in savings and the interest will be able to solve depends on the period of time it is saved within the year.
answered
User Stovroz
by
7.7k points
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