SOLUTION: The simple interest earned on a deposit of $3,000 at 6% for 5 years. $9.00 $90.00 $900.00 $9,000.00

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Question 1054557: The simple interest earned on a deposit of $3,000 at 6% for 5 years.
$9.00
$90.00
$900.00
$9,000.00
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
For 1 year,
I=3000%280.06%29=180
So for 5 years,
I%5Btot%5D=180%2A5=900