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IrinaVladis [17]
3 years ago
15

Athena deposits $500 into a savings account that earns 5.4% simple interest. She will not make any additional deposits or withdr

awals. How much interest will Athena earn at the end of 3 years?
Mathematics
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

Interest earned= $81

Step-by-step explanation:

Giving the following information:

Athena deposits $500 into a savings account that earns 5.4% simple interest.

Number of periods= 3 years

<u>To calculate the interest earned, we need to use the following formula:</u>

I= P*r*t

P= principal

t= number of periods

I= 500*0.054*3

I= $81

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