To answer this, you use the formula
where
is the simple interest that builds
is the principal (AKA the amount invested/borrowed)
is the interest rate per year
is the lenght of the loan, in years.
In your situation:
![\begin{aligned}I &= (\$3000)(5 \%/\text{year})(3 \text{ years})\\[0.5em]&= (3000)(0.05)(3)\\[0.5em]&= 450\end{aligned}](https://tex.z-dn.net/?f=%5Cbegin%7Baligned%7DI%20%26%3D%20%28%5C%243000%29%285%20%5C%25%2F%5Ctext%7Byear%7D%29%283%20%5Ctext%7B%20years%7D%29%5C%5C%5B0.5em%5D%26%3D%20%283000%29%280.05%29%283%29%5C%5C%5B0.5em%5D%26%3D%20450%5Cend%7Baligned%7D)
This means there'd be $450 of simple interest due at the end of 3 years.
the power (or exponent) of a number says how many times to use the number in a multiplication. It is written as a small number to the right and above the base number. In this example the little "2" says to use 3 times in a multiplication: 2x2x2= 8
<span>Brad has more apples since 10 > 5. </span>