jorden linvested $800 in a savings account. The intest rate id 6%per. Find the simple intrest earned in 3 years. then find the t

Question

2 years ago

8

otal prinabal plus interst

1 answer:

ExtremeBDS [4] · Answer 1 · 2022-11-16T00:23:49+03:00

Answer:

Step-by-step explanation:

The amount of interest is found using the simple interest formula. That is added to the principal to find the total account balance.

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<h3>Interest</h3>

I = Prt . . . . . P = principal, r = annual rate, t = number of years

I = $800·0.06·3 = $144

The simple interest earned in 3 years is $144.

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<h3>Principal plus interest</h3>

Adding that to the principal gives ...

$800 +144 = $944

The total principal plus interest is $944.