contestada

At the end of each year, how much money would you earn in interest if you invested $200 and earned 5.5% simple interest?

Respuesta :

[tex]\bf \qquad \textit{Simple Interest Earned}\\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\to& \$200\\ r=rate\to 5\%\to \frac{5}{100}\to &0.055\\ t=years\to &1 \end{cases} \\\\\\ I=200\cdot 0.055\cdot 1[/tex]

Answer:

The answer is 11$

Step-by-step explanation:

got it right on edge 2021