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Oduvanchick [21]

3 years ago

5

Can someone please help me find the simple interest

1 answer:

Stells [14]3 years ago

5 0

$\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$300\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &3 \end{cases} \\\\\\ I=(300)(0.04)(3)\implies I=36$

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