José put $1,500 into a savings account. He earns 3% interest every year. How much simple interest will he earn at the end of 3 y
ears?
1 answer:
He would have a total of: $1639.09
In intrest alone he would've made 1639.09
Step-by-step explanation:
3%= 0.03
- The first thing you do is multiply $1,500 by the %3 (0.03).
- When your done multiplying, you should get 45.
- Then you repeat the process over, two more times. However the numbers will change.
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