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28 April, 09:35

Jordan invested $800 in a savings account. The interest rate is 4% per year. Find the simple interest earned in 3 years. Then find the total of principle plus interest.

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Answers (2)
  1. 28 April, 12:09
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    The interest alone is 96 dollars

    SO in total with the principle that would be 896 dollars
  2. 28 April, 13:01
    0
    I=PRT

    interst=principal times rate times time

    principal=800

    rate=0.04

    time=3 years

    I=800*0.04*3

    I=96

    interst=$96

    total is 800+96=$896
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