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 How much interest will be earned in 1 year if $100 is placed in an account that earns 3% simple annual interest? A. $.03 B. $.30 C. $3 D. $30
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3 votes
How much interest will be earned in 1 year if $100 is placed in an account that earns 3% simple annual interest?

A. $.03
B. $.30
C. $3
D. $30

User Kevin Wheeler
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7.6k points

2 Answers

4 votes

/=prt results in /=(100) (.03) (1) or $3

hope this helped

User DimSutar
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7.8k points
3 votes
The answer is C. $3
Hope this helped! :)
User Natrium
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8.9k points
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