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kaheart [24]
3 years ago
8

Matt has $550 in his savings account. He is eager to know how much interest the bank will pay him for the whole year. He knows t

hat the bank pays a 3 percent interest rate. He sits down with a pen, paper, and calculator to find out the simple interest. Let’s help him out solve the equation to find the simple interest that Matt will receive.
Mathematics
2 answers:
HACTEHA [7]3 years ago
8 0

Answer:

P=$550

r=0.03

t=1

Step-by-step explanation:

hope this helps

Dmitrij [34]3 years ago
4 0

Answer: $566.50

Step-by-step explanation:

Look at pic!

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