123k views
16 votes
Ypu deposit $200 in an account that earns 4% simple interest. How much interest did you earn in 3 years?

User Jinyoung
by
3.6k points

2 Answers

5 votes

Answer:

1,200

Explanation:

User Gus E
by
3.4k points
11 votes

Answer:

$1200

Explanation:

we know that,

I=PTR/100=200*4*3/100=100*4*3=400*3=$1200

User SSilk
by
3.4k points