Answer: the amount of interest after 3 years is $60
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount of money deposited.
P represents the principal or amount of money deposited.
R represents interest rate on the deposit.
T represents the duration of the deposit in years.
From the information given,
P = $500
R = 4%
T = 3 years
Therefore,
I = (500 × 4 × 3)/100
I = $60
<span>DE=EF hope I helped with your studies :)
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11/15 because 3/5 converts to 9/15 so 9/15+2/15=11/15
Answer:
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Step-by-step explanation:
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