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Ksju [112]
4 years ago
10

Jordan invested $800 in a savings account. The interest rate is 4% per year. Find the simple interest earned in 3 years. Then fi

nd the total of principle plus interest.
Mathematics
2 answers:
kherson [118]4 years ago
7 0
I=PRT

interst=principal times rate times time

principal=800
rate=0.04
time=3 years
I=800*0.04*3
I=96

interst=$96
total is 800+96=$896
Arisa [49]4 years ago
5 0
The interest alone is 96 dollars
SO in total with the principle that would be 896 dollars
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It will take about 36.2 years for the account balance to reach $1200.

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