15-07-2016
Mathematics

contestada

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.

Respuesta :

teacheridontknow teacheridontknow

15-07-2016

The interest alone is 96 dollars
SO in total with the principle that would be 896 dollars

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apologiabiology apologiabiology

15-07-2016

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

Answer Link

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