Answer:
maybe the arrows should start from zero, probably
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:
The compound interest one is better by about 14 bucks.
Step-by-step explanation:
Simple interest:
500(1+.06*10)=800
Compound interest:
500(1+.05)¹⁰=814.45
