document.write( "Question 1179872: Topic: Financial Mathematics \r
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document.write( "Is it B? I want to check my answer\r
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document.write( "How much would be earned on a $425 deposit earning 3% simple interest for 2 years?\r
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document.write( "A. $12.75\r
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document.write( "B. $25.50\r
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document.write( "C.$25.88\r
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document.write( "D. $38.25 \r
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document.write( "The answer is provided in the link here: https://i.imgur.com/pciAD8c.png \n" );
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Algebra.Com's Answer #809451 by Theo(13342)![]() ![]() You can put this solution on YOUR website! simple interest formula is:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i = p * r * t\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i = interest \n" ); document.write( "p = prncpal \n" ); document.write( "r = interest rate per time period \n" ); document.write( "t = number of time periods\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in your problem, you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i = 425 * .03 * 2 = 25.5\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your answer is good.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |