Marsha deposited 10,000$ into a savings account 3 years ago. The simple interest rate is 2%. How much money did she earn in i

Question

3 years ago

5

nterest? What would be her new account balance?

1 answer:

jeka94 · Answer 1 · 2022-12-18T17:24:57+03:00

jeka943 years ago

6 0

Answer:

$600

Step-by-step explanation:

Given data

Principal= $10000

Time = 3 years

Rate= 2%

The simple interest formula is expressed as

SI= PRT/100

substitute

SI= 10000*2*3/100

SI= 60000/100

SI= 600

Hence he will earn $600 in interest

Marsha deposited 10,000​$ into a savings account 3 years ago. The simple interest rate is ​2%. How much money did she earn in​ i