Help me please, the answer choices are on the pic
2 answers:
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Answer:
$108
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
<em>I = interest amount </em>
<em>P = principal amount </em>
<em>r = interest rate (decimal form) </em>
<em>t = time</em>
First, change 2% into its decimal form:
2% -> -> 0.02
Next, plug in the values into the equation:
Coach Cliffman earned $108 of interest after 3 years.