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The following information is known about a savings account. Time = 6 years Interest rate = 1.9% Principal = $850 What amount of simple interest will be earned? A. $16.15 B. $96.…

The following information is known about a savings account. Time = 6 years Interest rate = 1.9% Principal = $850 What amount of simple interest will be earned? A. $16.15 B. $96.…
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5 votes
The following information is known about a savings account.

Time = 6 years
Interest rate = 1.9%
Principal = $850

What amount of simple interest will be earned?
A. $16.15
B. $96.90
C. $946.90
D. $9,690.00

asked
User Muhammad Bilal
by
7.8k points

2 Answers

1 vote

Answer:

C.$946.90

Explanation:

S.I = 850×1.9×6÷100= $946.90

answered
User Daniel Jihoon Oh
by
8.0k points
3 votes

Answer:

I=prt

I=850×0.019×6

I=96.90

Explanation:

answered
User Rosebud
by
8.3k points
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