Question

How much interest is earned on $2,700 in one year if it is invested at 3%?

$8.10
$81.00
$810.00

Answer 1

$ 81.00.

Explanation:

Answer 2

The correct option is b $81.00

Explanation:

Interest earned can be found simply by multiplying the interest rate into the principal amount.

Our Interest rate is = 3%

and principal amount = $2,700

Interest earned = $2700 * 3/100

Interest earned =$ 81

So, the correct option is b $81.00.