Question

Jordan invested $800 in a savings account. The interest rate is 6% per year. Find the simple interest earned in 3 years. Then find the total of principal plus interest.

Answer 1

$944

Explanation:

Interest=principle*rate*time (in years)

I=prt

Principle=800

Rate=0.06 (6%)

Time=3

800*0.06*3= 144

Total

Principle+Interest= Total

800+144=944