Simple Interest, SMB-002 MC $2500 is invested in an account that earns simple interest at the rate of 3.0% per annum. The total interest earned in the first two years is $55 $75 $150 $833 Show Answers Only `C` Show Worked Solution `P = 2500,\ \ r = 3.0text(%),\ \ n = 2` `I` `= Prn` `= 2500 xx 3.0/100 xx 2` `= $150` `=> C`