Answer:
$59.04
Step-by-step explanation:
Interest = Principal × Rate × Time
Where:
Principal (P) = $920
Rate (R) = 0.032 (as a decimal)
Time (T) = 2 years
Now, plug these values into the formula:
Interest = $920 × 0.032 × 2
Interest = $59.04
So, the interest earned on Ed Bland's savings is $59.04.
