Answered

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Principal: $2600
Rate: 3%
Time: 3 years
What is the interest made?

Sagot :

Naseeem88

Answer:

$234

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3%/100 = 0.03 per year,

then, solving our equation

I = 2600 × 0.03 × 3 = 234

I = $ 234.00

The simple interest accumulated

on a principal of $ 2,600.00

at a rate of 3% per year

for 3 years is $ 234.00.

Answer:

$234

Step-by-step explanation:

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