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Find the simple interest earned, to the nearest cent, for the principal, interest rate, and time. $550, 3.25%, 2 years

Find the simple interest earned, to the nearest cent, for the principal, interest rate, and time. $550, 3.25%, 2 years
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4 votes
Find the simple interest earned, to the nearest cent, for the principal, interest rate, and time. $550, 3.25%, 2 years

asked
User Jeffrey Aguilera
by
8.2k points

1 Answer

4 votes

Answer:

I = $550(.0325)(2) = $35.75

answered
User ScottBelchak
by
8.4k points
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