document.write( "Question 946556: what is the interest on $950 invested for 4 years in an account that earns simple interest at a rate of 3% per year?
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Algebra.Com's Answer #577432 by addingup(3677)![]() ![]() You can put this solution on YOUR website! S= simple interest \n" ); document.write( "P= principal \n" ); document.write( "r= interest rate \n" ); document.write( "t= time \n" ); document.write( "S= P(r*t) \n" ); document.write( "S= 950(.03*4) \n" ); document.write( "S= 114 is the interest earned over 4 years \n" ); document.write( " |