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