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2 January, 18:39

Jenny has $1200 in her savings account. If the bank pays 3% interest per year on savings, how much interest does she earn in 3 years

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Answers (2)
  1. 2 January, 21:47
    0
    Jenny earns $36 in interest per year.

    Step-by-step explanation:

    1200 / 12 = 100

    3% of 100 is 3.

    3 x 12 = 36
  2. 2 January, 21:54
    0
    Answer:$108

    Step-by-step explanation:

    principal (p) = $1200

    Rate (r) = 3%

    Time (t) = 3 years

    simple interest = (p x r x t) ➗ 100

    Simple interest = (1200x3x3) ➗ 100

    Simple interest=10800 ➗ 100

    Simple interest=108

    Simple interest=$108
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