1.Find the interenst earned in an acount with $600.00 invested at 4.5% annual simple interest for 2 years.
A. $540.00
B. $5,400.00
C. $54.00***
D. $13.50
2. Find the interest by an accound with $1,200 of simple interest of 4% for 3 years.
A. $144.00
B. $244.00
C. $44.00
D. $88.00***
My answers
1.C
2.D
I out 5/10 using trikzz :(
1. Yes.
2. No
The answers r;
1.
C: n=0.57•11;6.27
2.
B: 224=0.25•w;896
3.
A: Multiply the number by 0.45
4.
A: 137.5%
5.
A: 66.7%
6.
D: 35%
7.
C: $51.87
8.
D: $94.63
9.
C: $54.00
10.
B: $9,151.28
Hopefully it helps ( ^∀^)
oK is 2 A?
Yes. 2 is A.
Thank you
You're welcome.
Thank you!! I got 100%!!!! Trikzz is correct!!
To calculate the interest earned in a simple interest account, you use the formula:
Interest = Principal * Rate * Time
For the first question:
Principal = $600.00
Rate = 4.5% = 0.045 (converting from percentage to decimal)
Time = 2 years
Substituting the values into the formula:
Interest = $600.00 * 0.045 * 2
Interest = $54.00
Therefore, the correct answer for the first question is C. $54.00
For the second question:
Principal = $1,200
Rate = 4% = 0.04
Time = 3 years
Substituting the values into the formula:
Interest = $1,200 * 0.04 * 3
Interest = $144.00
Therefore, the correct answer for the second question is A. $144.00
1. c
2. b
3. c
4. c
5. a
6. b
7. c
8. d
9. c
10. a
there you go guys ^.^ no one else posted the answers for this quiz so YEA XD