Question

How much interest did Pete earn in his account after one year (Image included, serious answers only please)

Answer 1

Answer:

4

Step-by-step explanation:

Simple interest is (P*R*T)/100

Now in Trehan case

let P be x

R= 2.75% (Given)

Time = 1 year (Mentioned in question)

Amount = $2.2

So (P*R*T)/100= Amount

(x*2.75*1)/100=2.2

x=80

Here principle is 80

As principle is same in both cases

Pete will get

(80*5*1)/100

which equals to

$4

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