Question

Erica has $1,500 in her savings account. the interest rate is 4%. How much interest wil Erica earn when her money has been in the bank for 3 years?

Answer 1

180

Explanation:

I=PRT

Priciple(start Amount) x Rate(Percent wirtten as a decimal) x Time (years) = Intrest

P x R x T = Intrest

1500 x 0.04 x 3 = 180