Lauretta put $30 in a savings account that earned 2% simple interest each year. Which of the following would help Lauretta find the amount of interest she earns after 5 years?

Question

raffle_snaffle · Answer

Use F = (1 + P)^n, where P = how much she put down in here savings (P = present), n is the number of years, and F is the final amount she earned.

shamim · Answer

The above solution is wrong

shamim · Answer

For simple profit the formula will b
I=pnr

shamim · Answer

I=profit after 5 years
p=amount of money=30 dollar
r=rate of interest

shamim · Answer

n=number of years

shamim · Answer

I=?