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$1,200 is deposited into an account with 4.5% simple interest. How much would it earn in interest after 3 years?

$1,200 is deposited into an account with 4.5% simple interest. How much would it earn in interest after 3 years?
asked 63.5k views
4 votes
$1,200 is deposited into an account with 4.5% simple interest. How much would it earn in interest after 3 years?

asked
User Johannes Wiesner
by
8.2k points

1 Answer

4 votes

Answer:

$162

Explanation:

$1200 x .045 = $54 x 3 years = $162

answered
User Kang Ming Chua
by
7.9k points
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