34. You deposit $2,000 in an account that earns simple interest at a rate of 3% per year. How much interest will you have earned after 3 years?

asked Dec 17, 2022 186k views

3 votes

34. You deposit $2,000 in an account that earns simple interest at a rate of 3% per year. How much interest will you

have earned after 3 years?

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4 votes

Answer:

Principal=$2000

Rate=3%

Time=3 years

Interest=P*T*R/100

=$2000*3*3/100

=$18000/100

=$180

Explanation:

Alex Stoyanov answered Dec 21, 2022

6.3k points

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