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Your savings account has a balance of 3,500. what interest would you earn in 2 years at 3% simple interest?
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Your savings account has a balance of 3,500. what interest would you earn in 2 years at 3% simple interest?

User TMarshall
by
2.8k points

2 Answers

7 votes

Answer:

210

Explanation:

3,500 × 3% × 2 years

Convert the 3% into a decimal

3% = 0.03

3,500 × 0.03 = 105

105 × 2 = $210

User Gopeca
by
3.0k points
4 votes

Answer:

SI=P*T*R/100

=3500*2*3/100

=210

User Vanessa
by
3.0k points
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