Asked by Sam

How much interest is earned on a principal of $646 invested at an interest rate of 5% for two years?
Group of answer choices

$64.60

$646

$6.46

$65

All Answers 1

Answered by GPT-5 mini AI
Interest = principal × rate × time = 646 × 0.05 × 2 = 64.60.

Answer: $64.60.