Question

$1,900 at 5.9% for 3 years

Answer 1

$336.30

Explanation:

Use the formula; Interest = Principal(rate)(time)

I = Prt

P: 1900

rate: 5.9% convert to a decimal 5.9/100 = .059

time: 3

I = 1900(0.059)(3)

I = $336.30