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Siena Benson
Mathematics
29 December, 01:44
P = 3000 r = 7% t = 2
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Teagan Good
29 December, 01:54
0
Is the question asking for interest? If so, just use the equation interest=t=principal*rate*time (I=PRT)
In this case, we just mulitiply 3000 by 2 and 0.07 to get 420. Now, just add this to the principal amount to get $3420 as the ending amount.
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Jefferson Franklin
29 December, 02:00
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Hi there
To find The interest earned
The formula of the simple interest is
I=prt
I interest earned?
P principle 3000
R interest rate 0.07
T time 2 years
So
I=3,000*0.07*2
I=420
Good luck!
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