Answer:
The interest earned on $470 at 4% for 36 months is $56.4
Step-by-step explanation:
We are given
Principal Amount P₀= $470
Rate r = 4% = 0.04
Time t = 36 months = 3 years
We need to find interest I
The formula used is:
Putting values and finding Interest I
The interest earned on $470 at 4% for 36 months is $56.4
