Question

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

Answer 1

$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