SOLUTION: Chloe has 80.00 in her savings account that earns 5% interest per year.This interest is not compounded. How much interest will be earned in 3 years?

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Question 1142233: Chloe has 80.00 in her savings account that earns 5% interest per year.This interest is not compounded. How much interest will be earned in 3 years?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+I+=+80%2A.05%2A3+
+I+=+12+
$12 interest