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An account earns 3% yearly simple interest. How much interest will you earn in 2 years if you put $820 in the account A. $869.94 B. $49.94 C. $869.20 D. $49.20

An account earns 3% yearly simple interest. How much interest will you earn in 2 years if you put $820 in the account A. $869.94 B. $49.94 C. $869.20 D. $49.20
asked 117k views
16 votes
An account earns 3% yearly simple interest. How much interest will you earn in 2 years if you put $820 in the account

A. $869.94
B. $49.94
C. $869.20
D. $49.20

asked
User Stormbeta
by
8.2k points

2 Answers

7 votes

Answer: 820*2*0.03=$49.20

Step-by-step explanation: Principle*rate*time=answer

answered
User Samarth Juneja
by
8.0k points
7 votes
The answer is D 49.20
answered
User Bodger
by
8.0k points
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