zoeyelise817 zoeyelise817

16-01-2021
Mathematics

contestada

An account has a principal of $500 and a
simple interest rate of 3.3%. How much interest
would be earned after 3 years?

An account has a principal of 500 and a simple interest rate of 33 How much interest would be earned after 3 years class=

Respuesta :

TheBusinessMan TheBusinessMan

16-01-2021

Answer:

$49.50

Step-by-step explanation:

Simple interest formula => interest = principal x rate x time period

interest = 500 x .033 x 3 years

interest = 49.50

I hope this helps!

-TheBusinessMan

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