All of these scenarios involve money earned through simple interest. Match each situation with the appropriate
simple interest formula.
For 2 years,
$400 eamed interest at a rate of 10%.
1 = (200)(0.04)(10)
For 4 years,
$100 was saved at a rate of 2%.
1 = (400)(0.10)(2)
For 10 years,
$200 was invested at 4%.
1 = (100)(0.02)(4)