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What is the interest on $3,050 in savings for ten years at 3% intrest?

What is the interest on $3,050 in savings for ten years at 3% intrest?
asked 131k views
2 votes
What is the interest on $3,050 in savings for ten years at 3% intrest?

asked
User ShueiYang
by
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1 Answer

3 votes
The interest is $915.

Explanation:
3% is 0.03 when put in a decimal form.

0.03 x 3050 = 91.5
91.5 x 10 = 915
answered
User Ragnarokkr
by
8.0k points
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