Question

Jennifer invested $3300 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

Answer 1

`\bf \qquad \textit{Simple Interest Earned}\\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\\ P=\textit{original amount deposited}\to& \$3300\\ r=rate\to 6\%\to (6)/(100)\to &0.06\\ t=years\to &9 \end{cases} \\\\\\ I=3300\cdot 0.06\cdot 9`

Answer 2

1,782

Explanation: