Question

How much interest will you earn if you invest $10,000 at 7% for 2 years? Use the formula: I=prt
Select one:
a. $1200
b. $1300
c. $1400
d. $1500

Answer 1

C is the correct answer.
I=0.07×10,000× 2
I=1400

Answer 2

Could You Explain How Please?

Answer 3

P showing percentage so here in the question 7%= 7/100

R showing money
T showing time so that is given in years which is 22 now the formula of interest is I=prt now just put the values in the formula and get the answer.

Answer 4

Sorry 2 years is given.

Answer 5

Alright Thanks