elaina71 elaina71
  • 08-03-2019
  • Mathematics
contestada

Can someone please help me find the simple interest

Can someone please help me find the simple interest class=

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jdoe0001 jdoe0001
  • 08-03-2019

[tex]\bf ~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\dotfill & \$300\\ r=rate\to 4\%\to \frac{4}{100}\dotfill &0.04\\ t=years\dotfill &3 \end{cases} \\\\\\ I=(300)(0.04)(3)\implies I=36[/tex]

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