If we deposit $2,200 in an account that pays 4% per year, find the amount of simple
interest earned during the 2 years period.

Respuesta :

Ningwa

Step-by-step explanation:

Principal(P) =$2200

Rate(R) =4%

Time(T)=2 yrs

Simple Interest=PTR/100

I=2200*4*2/100

=$176