Ask Question
17 October, 03:13

coach Cliffman made a deposit of $1800 into an account that earns 2% annual simple interest. find the amount of interest that coach Cliffman earned after 3 year

+2
Answers (1)
  1. 17 October, 03:31
    0
    The amount of interest Coach Cliffman earned after 3 years is $108.

    Step-by-step explanation:

    The equation for simple interest is A = P (1 + rt). To determine the revenue earned, subtract the principal amount ($1800) from the total accured amount (principal + interest). The equation for simple interest is A = P (1 + rt), P meaning principal interest, r being the rate of interest per year in decimal form, and t as time in years.

    Let P = $1800, r =.02, and t = 3 and you'll end up with a total accrued amount of $1908. Finally, subtract 1908-1800 to get your answer of $108.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “coach Cliffman made a deposit of $1800 into an account that earns 2% annual simple interest. find the amount of interest that coach ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers