SOLUTION: Using the formula I=PRT to find simple interest on an account, find the ammount earned in 3 years if you deposited $500 into a saving account earning 6% per year.

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Question 150528: Using the formula I=PRT to find simple interest on an account, find the ammount earned in 3 years if you deposited $500 into a saving account earning 6% per year.
Answer by stanbon(48564) About Me  (Show Source):
You can put this solution on YOUR website!
Using the formula I=PRT to find simple interest on an account, find the amount earned in 3 years if you deposited $500 into a saving account earning 6% per year.
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I = 500*0.06*3 = $90
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Cheers,
Stan H.