What is the simple interest that is missing from the table? Use the formula l is equal to p r t l ? p 5 dollars comma 630 r 4 percent t 2 years
Answer
A
45 dollars comma 040 point 0 0
B
450 point 4 0 dollars
C
450 point 0 0 dollars
D
45 dollars comma 000 point 4 0
Explanation
Use the simple-interest formula I = Prt. Substitute P = $5,630, r = 0.04, and t = 2: I = 5,630 × 0.04 × 2 = $450.40. The missing interest is $450.40, choice B.
AI-written and checked against the verified answer.