First right answer wins a medal!!!!

You deposit $3,000 in an account that pays 2% compound interest. How much have you earned in interest at the end of 4 years? Round your answer to the nearest cent. (1 point)
$240
$3,247.30
$600
$247.30

Question

First right answer wins a medal!!!!


You deposit $3,000 in an account that pays 2% compound interest. How much have you earned in interest at the end of 4 years? Round your answer to the nearest cent.  (1 point)
$240
$3,247.30
$600
$247.30

anonymous · Answer

b

anonymous · Answer

B

anonymous · Answer

3247.30

anonymous · Answer

b

anonymous · Answer

People PLZ dont give the straight answer it is agens open studies COC

anonymous · Answer

OM Gosh you two answered almost at at the same time LOLOL

anonymous · Answer

To solve, use the I = Prt formula, where I = interest, P = the amount of money, r = the rate or percentage, and t = time.

Plug in your values!

I = $3,000 * 2% * 4
I = 3,000 * 0.02 * 4

yanasidlinskiy · Answer

As has been said, Direct Answers are against the Code-of-Conduct. This does NOT help the asker learn nothing other than giving plain straight up answers.

yanasidlinskiy · Answer

@BlossomCake thank you for providing help.

anonymous · Answer

Next step: Multiply your values!

anonymous · Answer

You are welcome! ^_^

anonymous · Answer

I hope you can understand how to solve the question with my explanation and not with the direct answers from others. @rennyraccoon

anonymous · Answer

Oh it is Ok thank you so much!!!

anonymous · Answer

You are welcome! ^_^ Let me know if you have any more questions! :)