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Doss [256]
3 years ago
11

16. Interest earned:

Mathematics
1 answer:
photoshop1234 [79]3 years ago
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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