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nadezda [96]
3 years ago
12

Andrea deposited $300 in a savings account that pays 3% simple annual interest. How much interest will Andrea earn at the end of

3 years?
Mathematics
2 answers:
Juli2301 [7.4K]3 years ago
8 0
I=PRT
P=present amount
I=interest
R=rate in decimal
T=time in years

I=300*0.03*3
I=3*3*3
I=27
earns $27 in simple interest
nasty-shy [4]3 years ago
7 0
Do <span>300 * 0.03 * 3 which equals 27 dollars</span>
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