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Lina20 [59]
4 years ago
11

Ivanna deposits $600 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in t

he first 2 years?
Mathematics
1 answer:
andrezito [222]4 years ago
6 0
Given here,

Principle [P] = $600

Rate [R] = 3

Time [T] = 2

We know,

Simple Interest = \frac{Principle * Rate * Time}{100}

=  \frac{600*3*2}{100} 
= 36


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