michellesumrall michellesumrall
  • 15-04-2022
  • Mathematics
contestada

If you deposit $3,000 in a savings account that earns simple interest at a rate of 2.5% a year, how much interest would you have after 4 years?

Respuesta :

jimthompson5910 jimthompson5910
  • 15-04-2022

Answer:  300 dollars

Work Shown:

i = P*r*t

i = 3000*0.025*4

i = 300

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