Question

I'm kind of stuck on this question

Answer 1

`~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$30000\\ r=rate\to 2\%\to (2)/(100)\dotfill &0.02\\ t=years\dotfill &5 \end{cases} \\\\\\ I = (30000)(0.02)(5) \implies I = 3000`