Question

Tracy started a saying account that is set up so that the simple interest earned on the investment is moved into a separate account at the end of each year. Tracy invests $5,000 at 4.5%, what is the total simple interest accumulated in the checking account after 2 years? A) $4.50 B)$45 C) $450 D)$4,500 E) $45,000* PLZ HELP!!

Answer 1

5000 * 0.45 * 2 = ?

Answer 2

No -- that's way, way too high

Multiply:

5000 * 0.045 * 2 = _$______

Answer 3

I = P*r*t = 5000*0.045*2 =