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1 vote
$900 deposited at an interest rate of 3% for 5 years

User Ohlin
by
8.2k points

2 Answers

3 votes
I=PRT
P for Price/Principle amount
R for Rate
T for Time in years
I=$900×0.03×5 (3%=
(3)/(100)=0.03)
=$135
Interest=$135
If they want you to find how much is left by the end of the 5th year, you do this:
Original+Interest
$900+$135
=$1035
User DFBerry
by
7.8k points
4 votes
.03 times 900 is 27

27 times 5 is $135
User Darian Everett
by
8.2k points

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