Jordan invested $800 in a savings account. The interest rate is 6% per year. Find the simple interest earned in 3 years. Then fi nd the total of principal plus interest.
1 answer:
Answer:
$944
Step-by-step explanation:
<h3>
Interest=principle*rate*time (in years) </h3><h3>
I=prt </h3>
<em>Principle=800</em>
<em>Rate=0.06 (6%)</em>
<em>Time=3</em>
<em>800*0.06*3= 144</em>
Total
Principle+Interest= Total
800+144=944
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