Question

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

Answer 1

3% of $2,700

Multiply 2,700 times 0.03.

(2,700)(0.03) = 81

$81.00 interest is earned on $2,700 a year if it is invested at 3%.

Answer 2

The answer is $81.00