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frutty [35]
3 years ago
8

Robert invests $3,250 into a money market account with an annual 1.7% simple interest rate. If he does not add or subtract any m

oney, how much interest will he earn after three years?
Mathematics
1 answer:
Trava [24]3 years ago
4 0

I = PRT/100    where P = pricipal, R = rate and T = number of years. I = interest.

So answer is (3250 * 1.7 * 3) / 100  =  $165.75

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