Register

Using the formula i=prt to find simple interest on an account, find the amount of interest earned in 3 years if you deposited $500 into a savings account earning 6% per year.

Using the formula i=prt to find simple interest on an account, find the amount of interest earned in 3 years if you deposited $500 into a savings account earning 6% per year.
35.4k views
0 votes
Using the formula i=prt to find simple interest on an account, find the amount of interest earned in 3 years if you deposited $500 into a savings account earning 6% per year.

User Boris Zinchenko
by
8.1k points

1 Answer

2 votes
The amount of interest would be 90 dollars ( i=$90 )
User Tasya
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
What is meant by data mining ?
Link Copied!