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?

4.3k points

Please log in or register to add a comment.

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

4.6k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.4m questions

5.7m answers