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Ypu deposit $200 in an account that earns 4% simple interest. How much interest did you earn in 3 years?

Ypu deposit $200 in an account that earns 4% simple interest. How much interest did you earn in 3 years?
asked 123k views
16 votes
Ypu deposit $200 in an account that earns 4% simple interest. How much interest did you earn in 3 years?

asked
User Jinyoung
by
7.9k points

2 Answers

5 votes

Answer:

1,200

Explanation:

answered
User Gus E
by
8.0k points
11 votes

Answer:

$1200

Explanation:

we know that,

I=PTR/100=200*4*3/100=100*4*3=400*3=$1200

answered
User SSilk
by
8.0k points
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