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11 October, 19:08

How much interest is earned on $2,700 in one year if it is invested at 3%?

$8.10

$81.00

$810.00

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Answers (1)
  1. 11 October, 19:17
    0
    The correct option is b $81.00

    Step-by-step explanation:

    Interest earned can be found simply by multiplying the interest rate into the principal amount.

    Our Interest rate is = 3%

    and principal amount = $2,700

    Interest earned = $2700 * 3/100

    Interest earned = $ 81

    So, the correct option is b $81.00.
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