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Basile [38]
3 years ago
10

Principal: $2600 Rate: 3% Time: 3 years What is the interest made?

Mathematics
2 answers:
eimsori [14]3 years ago
6 0

Answer:

$234

Step-by-step explanation:

Marianna [84]3 years ago
4 0

Answer:

$234

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3%/100 = 0.03 per year,

then, solving our equation

I = 2600 × 0.03 × 3 = 234

I = $ 234.00

The simple interest accumulated

on a principal of $ 2,600.00

at a rate of 3% per year

for 3 years is $ 234.00.

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