Answer: the amount of interest after 3 years is $60
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the amount of money deposited.
P represents the principal or amount of money deposited.
R represents interest rate on the deposit.
T represents the duration of the deposit in years.
From the information given,
P = $500
R = 4%
T = 3 years
Therefore,
I = (500 × 4 × 3)/100
I = $60
#3) 9/3= 3
90/3=30
900/3=300
9.000/3=3.3000
#4)1/2, 2/3, 2/5, 3/4
90x0.15=13.5
so the total would be 103.08 before tax
