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mixer [17]
3 years ago
15

How much interest is earned on $2,700 in one year if it is invested at 3%?

Mathematics
2 answers:
Sveta_85 [38]3 years ago
7 0
81$ a year

2700+3% =2781
melisa1 [442]3 years ago
3 0

Answer:

Interest would be $81.00.

Step-by-step explanation:

To find out the interest earned on $2,700 in one year if it is invested at 3%.

We use the formula to get interest :

I = Prt

Where P = principal amount ( $2,700 )

r = rate of interest 3% in decimal  ( 0.03)

t = time (1 year)

Now put the values in formula

I = 2,700 × 0.03 × 1

I = $81.00

The earned interest is $81.00 on 2,700 in one year.

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