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How much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????

How much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????
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5 votes
how much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????

User Gugu
by
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2 Answers

3 votes
The earned amount is $3

You now have $103
User Prostagma
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8.0k points
2 votes
you will have $103, or you will earn $3 worth of interest in one year
User Dynamitem
by
7.9k points
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