Ask Question
21 January, 20:00

Andrea deposited $300 in a savings account that pays 3% simple annual interest. How much interest will Andrea earn at the end of 3 years?

+5
Answers (2)
  1. 21 January, 20:16
    0
    Do 300 * 0.03 * 3 which equals 27 dollars
  2. 21 January, 23:42
    0
    I=PRT

    P=present amount

    I=interest

    R=rate in decimal

    T=time in years

    I=300*0.03*3

    I=3*3*3

    I=27

    earns $27 in simple interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Andrea deposited $300 in a savings account that pays 3% simple annual interest. How much interest will Andrea earn at the end of 3 years? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers