SOLUTION: How much interest will be earned in 3 years from $7.30 placed in a savings account at 6.5% simple interest? (note i must know by 1/24/19) THANKS!

Algebra.Com
Question 1133339: How much interest will be earned in 3 years from $7.30 placed in a savings account at 6.5% simple interest?
(note i must know by 1/24/19)
THANKS!

Answer by greenestamps(13200)   (Show Source): You can put this solution on YOUR website!


i = prt

i = amount of interest
p = principal (amount invested)
r = rate (annual interest rate)
t = time (number of years)



Use a calculator....

RELATED QUESTIONS

How much interest will be earned in 3 years from $7.30 placed in a savings account at... (answered by greenestamps,ikleyn)
how much simple interest will be earned in 18 months form $750 placed in a savings... (answered by fcabanski)
Sam has $2750.00 in a savings account that earns simple interest at a rate of 1 3/4% per... (answered by solver91311)
Chloe has 80.00 in her savings account that earns 5% interest per year.This interest is... (answered by josmiceli)
How much simple interest is earned on $300 deposited for 30 months in a savings account... (answered by rfer)
You deposit $2100 in a savings account paying 5.5% simple interest. How much interest... (answered by ewatrrr)
You deposit $1640 in a savings account paying 3% simple interest. How much interest... (answered by Boreal)
3000 is invested in an account paying 8% simple interest. How much interest will be... (answered by lynnlo)
Cristina puts $500 in a bank account. Each year the account earns 6% simple interest. How (answered by mananth)