Question

Felix deposited $1,340 into a savings account that earns 6% simple interest for 3 years. Find how much interest will he have earned.

Answer 1

241.20 dollars

Explanation:

Use the equation I=prt, where I is the interest and p is the percentage of simple interest, which is 6% or 0.06. T is the rate of time in years. R is the amount Felix deposited. Our equation would be:

I=(0.06)(1340)(3)

I=(0.18)(1340)

I=$241.20

Answer 2

542

Explanation:

divide it I hope it helps