Question

Use I = PRT to find the amount of simple interest.

Savings account: $200
Rate: 3%
Time: 6 months

Answer 1

the simple interest is 36.

Explanation:

To find the answer we will first divide 3 by 100 and we get 0.03. Now multiply 0.03 by $200, which is 6. Then multiply 6 by 6 months and we get 36. Therefore, 36 is our answer.