Question

Tamara Invested $15,000 in an account that pays 4% annual simple interest. How much interest will Tamera earn on her investment at the end of three years?

Answer 1

1800

Explanation:

the formula is

i=prt

i interest earned ?

p principle 15000

r interest rate 0.04

t time 3 years

i=15000×0.04×3

i=1800