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Grace [21]
4 years ago
12

suppose cho deposits $200 into a bank account for 3 years. the actual interest rate is 5%.Find the simple interest earned

Mathematics
2 answers:
bearhunter [10]4 years ago
8 0
Assuming that the interest rate is annual, the answer is 30. 200 dollars divided by 100% is 2 dollars. 2 dollars is 1% of the whole. 5 % is 2 multiplied by 5. So that's 10 dollars per year, times 3 years is 30. 
Lilit [14]4 years ago
3 0
Its 30. hope I helped
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Answer:

Step-by-step explanation:

The error is in the second step. For some unknown reason, the x was dropped and the 3 was subtracted from the 7.

It should be

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