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OpenStudy (helpblahblahblah):
Ill give medal: For an account that earns simple annual interest of 2% , what was the interest earned on $1,400 after 3 years?
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OpenStudy (helpblahblahblah):
plz explain
OpenStudy (wolf1728):
total = principal + rate*years*principal total = 1400 + .02*3*1400 total = 1400 + 84 (interest) Interest is $84.00
OpenStudy (helpblahblahblah):
thanks sooooo much!
OpenStudy (wolf1728):
u r welcome
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