Question

I need help ASAP

what is the principal if the interest earned is $22 the simple annual interest rate is 2% and the time is one year​

Answer 1

not 1,100 its 1100

Explanation:

Answer 2

1,100

Step-by-step explanation:Well first find the principal first Multiply the rate 0.02 by the time 1 year this gives us 0.02 then divide the interest ($22) by 0.02 then you get $1,100