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What is the interest earned on $3,000 at a rate of 0.04 for 3 years? (Hint: Use the formula i = prt, where i represents the interest earned, p represents the principal, r repres…

What is the interest earned on $3,000 at a rate of 0.04 for 3 years? (Hint: Use the formula i = prt, where i represents the interest earned, p represents the principal, r repres…
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What is the interest earned on $3,000 at a rate of 0.04 for 3 years? (Hint: Use the formula i = prt, where i represents the interest earned, p represents the principal, r represents the rate, and t represents the time.)

$3,003.04
$3,360
$360
$120

User Conrad Damon
by
7.4k points

1 Answer

3 votes

Answer:

3,360

Explanation:

3000(.04)(3)

3000 x. 04=12000

12000 x 3,360

User Shaboboo
by
8.4k points
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