Question

Can someone please help me? I keep losing points...

CORRECT ANSWERS ONLY PLEASE!!!!

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Round your answer to the nearest cent.

Answer 1

$5490

Explanation:

Using the given formula :

I = P × R × T

I = 61000 × 3/100 × 3

I = $5490

Answer 2

$5,490

Explanation:

i = prt

i = ($61,000)(.03)(3)

5,490