Question

yolanda invested $2,000 in a us treasury note that pays 5% simple interest per year . how much interest did yolanda earn after 3 years is she does not cash in her notes??/

Answer 1

A = P + Prt = 2000 + 2000(0.05)(3)

Answer 2

what

Answer 3

what!!??

Answer 4

i = prt

Answer 5

They are asking for the simple interest earned:
Simple interest = P * r * t ----- (1)
P = $2,000
r = 5% = 0.05
t = 3 years

Substitute the numbers into (1)

Answer 6

oh

Answer 7

so the answer 100

Answer 8

oops

Answer 9

1200

Answer 10

2000 x 0.05 x 3 = ?

Answer 11

300

Answer 12

Yes. $300.