16
QuizMultiple Choice

Unit Test — Unit test

Question 16 • Common Core Math 7 A-IC

The following information is known about a savings account.Time = 6 yearsInterest rate = 1.9%Principal = $850What amount of total interest will be earned at the end of year 6?

Answer
A
$16.15
B
$96.90
C
$946.90
D
$9,690.00

Explanation

Use the simple interest formula: interest = principal × rate × time. Substituting the values gives $850 × 0.019 × 6 = $96.90. The total interest earned is $96.90, choice B.

AI-written and checked against the verified answer.

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