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15-09-2017
Business

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Jennifer deposited $1,750 in a saving account that earns 1.9% simple interest. How much interest has Jennifer earned by the end of the first year?

A. $1,783.25I got this answer
B. $33,25
C. $3,325.00
D. $921.05

Respuesta :

temp102 temp102

15-09-2017

simple interest formula
I=PRT
I=interest
P=principal=amount invested
R=rate in decimal
T=time in years

we are given
P=1750
R=1.9%=0.019
T=1

I=PRT
I=(1750)(0.019)(1)
I=33.25

that's how much interest

total will be $1750+interest=$1750+$33.25=$1783.25

your answer is right

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