arianajaramilo010 arianajaramilo010
  • 19-02-2022
  • Mathematics
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$925 at 2.3% for 2.4 years interest earned

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jdoe0001 jdoe0001
  • 19-02-2022

[tex]~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$925\\ r=rate\to 2.3\%\to \frac{2.3}{100}\dotfill &0.023\\ t=years\dotfill &2.4 \end{cases} \\\\\\ I = (925)(0.023)(2.4)\implies I=51.06[/tex]

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