3 years ago

16. Interest earned:

1 answer:

3 0

$\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$1250\\ r=rate\to 3\%\to \frac{3}{100}\dotfill &0.03\\ t=years\dotfill &4 \end{cases} \\\\\\ I=(1250)(0.03)(4)\implies I=150$

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