SOLUTION: Find the amount of simple interest earned for depositing the given principle in an account. P= $9700 r= 5.5% t= 2 months Simple interest: $

SOLUTION: Find the amount of simple interest earned for depositing the given principle in an account. P= $9700 r= 5.5% t= 2 months Simple interest: $

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Question 417080: Find the amount of simple interest earned for depositing the given principle in an account.
P= $9700
r= 5.5%
t= 2 months
Simple interest: $
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
P= $9700
r= 5.5%
t= 2 months
Simple interest: $
-----
I = Prt
Interest = 9700*0.055*(2/12) = $88.92
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Cheers,
Stan H.
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