Answer:
$4
Step-by-step explanation:
Pete and Teegan each put an amount of $P in a new bank account.
Teegan's account earns 2.75% simple interest, earned $2.20 in interest after one year.
Write p x 2.75/100 = 2.20 so p = 80$ and $80 in Pete's account earns 5% simple interest.
after one year Pete will earn as interest 80 x 5/100 = 4$
