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Plz help!!!!!i want to check my answer
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5 votes
Plz help!!!!!i want to check my answer

Plz help!!!!!i want to check my answer-example-1
User PamanBeruang
by
5.2k points

1 Answer

3 votes

Answer:

$360

Explanation:

To calculate simple interest (I) use the formula

I =
(PRT)/(100)

Where P is the principal (deposit), R is the rate of interest and T is time in years.

here P = 3000, R = 4 and T = 3, hence

I =
(3000(4)(3))/(100) =
(36000)/(100) = $360

User Lafleur
by
5.7k points
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