Answer:
$ 118.80
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 9%/100 = 0.09 per year,
then, solving our equation
I = 660 × 0.09 × 2 = 118.8
I = $ 118.80
The simple interest accumulated
on a principal of $ 660.00
at a rate of 9% per year
for 2 years is $ 118.80.
