At the end of 2 years, how much money would you have in total if you invested $100 and earned 7.25% simple interest? a. $107.25 b. $114.50 c. $121.75 d. $129

We are given

r is 7.25%

we can find simple interest

now, we can plug values

now, we can find total amount

we can plug values

So, the total amount is $114.50Answer

B. $114.50

Step-by-step explanation:

Given,

Principal amount, P = $ 100,

Annual simple interest rate, r = 7.25%,

Time, t = 2 years,

Thus, the amount of interest after 2 years,

Hence, the total amount,

i.e. OPTION B is correct.

a is the correct

at least two

step-by-step explanation: