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How much interest is earned in one year on 5,000 at an interest rate of 3%?

How much interest is earned in one year on 5,000 at an interest rate of 3%?
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How much interest is earned in one year on 5,000 at an interest rate of 3%?

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User Artur Kasprzak
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1 Answer

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150 is the amount of interest earned for one year because the formula of PRT is, in this case 5000 times 0.03 times one which gets you the answer of 150.
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User Gussoh
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