What is the interest on $620 at a rate of 3% for one year?

Chadwick Wood asked May 27, 2022

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Chadwick Wood asked May 27, 2022

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17 votes

Answer:

$18.60 interest

Explanation:

3% = 0.03

$620 x 0.03 = $18.60

Answer: $18.60

If requested total:

$620 x 1.03 = $638.6

Answer: $638.6

Davisjp answered Jun 2, 2022

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