Question

Find the interest due on $250 at 11% for 2 years.

54.00
55.00
57.00

Answer 1

55.00 IS THE CORRECT ANS.
I TELL YOU WHY
SI = P×R×T/100
PUT THE VALUES HERE
YOU WILL GET
250×11×2/100
THAT IS EQUAL TO 55.00

Answer 2

I =PTR/ 100
55 answer hai