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Smith invests $3000 for one year at a rate of 6%. How much interest will he earn at the end of that year? (just the interest) * 1 point

Smith invests $3000 for one year at a rate of 6%. How much interest will he earn at the end of that year? (just the interest) * 1 point
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20 votes
Smith invests $3000 for one year at a rate of 6%. How much interest will he earn at the end of that year? (just the interest) * 1 point

User Abhishek Kannan
by
8.2k points

1 Answer

5 votes

Answer:

180

Explanation:

i = p*r*t

i = 3000* .06 * 1

User Wogsland
by
8.1k points
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