Question

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?

Answer 1

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.

Answer 2

The above solution is wrong

Answer 3

For simple profit the formula will b
I=pnr

Answer 4

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

Answer 5

n=number of years

Answer 6

I=?