Samantha invests $19,000 into an account at an annual rate of 0.75% simple interest for 24 months.

1) What is the Principal in this scenario?

• $19,000
• 2
• 0.0075
• 0.75 %

2) What is the interest rate for this account?

• 0.75 %
• 2
• 0.0075
• $19,000

3) What number do you use to represent the interest rate in the simple interest formula?

• 0.75 %
• 0.0075
• $19,000
• 2

4) What is the length of time of this investment, in years?

• $19,000
• 0.0075
• 2
• 0.75 %

5) Calculate the simple interest earned on this account.