Question

Sue deposited $3000 in a savings account earning 2% interest over 8 years.



What was the total interest Sue earned?

Answer 1

simple interest, or compound interest?

Answer 2

simple

Answer 3

Ok, then you will have to find the interest earned for the first year, then multiply that times 8 (for a total 8 year interest).

Answer 4

your interest is 2% of 3000, that is == \(\large\color{black}{ \displaystyle 3000 \times 0.02 }\)

Answer 5

\(\large\color{black}{ \displaystyle 3000 \times 0.02 =? }\) (you tell me)

Answer 6

60.

Answer 7

sorry it is 60

Answer 8

@SolomonZelman