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8 February, 12:58

P = 3000 r = 7% t = 2

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Answers (2)
  1. 8 February, 13:18
    0
    Hi there

    To find The interest earned

    The formula of the simple interest is

    I=prt

    I interest earned?

    P principle 3000

    R interest rate 0.07

    T time 2 years

    So

    I=3,000*0.07*2

    I=420

    Good luck!
  2. 8 February, 14:57
    0
    Is the question asking for interest? If so, just use the equation interest=t=principal*rate*time (I=PRT)

    In this case, we just mulitiply 3000 by 2 and 0.07 to get 420. Now, just add this to the principal amount to get $3420 as the ending amount.
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