Register

How much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????

How much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????
asked 34.0k views
5 votes
how much interest will be earned in one year if $100 is placed in an account that earns 3% simple annual interest????

asked
User Gugu
by
8.1k points

2 Answers

3 votes
The earned amount is $3

You now have $103
answered
User Prostagma
by
8.0k points
2 votes
you will have $103, or you will earn $3 worth of interest in one year
answered
User Dynamitem
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!