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Find the simple interest Principal =4800.00 annual interest rate =3% time= 3 years The interest earned is = ? PLS ANSWER THIS IS DUE TOMMOROW
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4 votes
Find the simple interest

Principal =4800.00

annual interest rate =3%

time= 3 years


The interest earned is = ?

PLS ANSWER THIS IS DUE TOMMOROW

User NickGnd
by
4.6k points

1 Answer

3 votes
Use the formula:
Simple interest = Principal x rate x years
Then plug in what you know
Simple interest = 4800 x .03 x 3
Then solve!
Simple interest = $432
User Oasten
by
5.3k points
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