Based on simple interest, find the total amount saved or owed.

principal = $1700; rate = 6%; time = 5 years

A.

$1802

B.

$1904

C.

$2210

D.

$2312

Firstly we need to find out how much is 6% from $1700:

1700 * 6% =

= 1700 * 6/100 =

= 17 * 6 =

= 102

Now we multiply the result by 5 (years):

102 * 5 = 510

Now we add $510 to the principal:

$1700 + $510 = $2210

Correct answer: C