Question

Find the amount of interest earned in an account with an initial deposit of $800 for 15 years at an interest rate of 3%

Answer 1

Answer:

interest =360

Step-by-step explanation:

Using the formula i = prt (interest =principal x rate x time)

From the information provided p=800, t=15, r=3% (0.03)

i= 800x0.03x15

i=360