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Sagot :
Answer:
$600
Step-by-step explanation:
We have the interest formula: PRT/100
=> 4000 x 5 x 3/100
=> 40 x 5 x 3
=> 600
Therefore, the interest owed is $600.
Hoped this helped.
$600 because it’s 5% interest after 3 years, it will increase during that time so we multiply 5*3 which is 15, so 15%. We take the percentage of 15% and turn it into a decimal (0.15) then we multiply by $4,000 to get the answer. So 0.15*4,000= 600. In conclusion, $600 is the answer
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