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Ulleksa [173]
3 years ago
5

amuel deposited $590 into a savings account that earns 4% simple interest for 3 years. Find how much interest will he have earne

d.
Mathematics
1 answer:
tatuchka [14]3 years ago
8 0

\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$590\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &3 \end{cases} \\\\\\ I=(590)(0.04)(3)\implies I=70.8

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