SOLUTION: I need help with this problem: How much interest will you earn on $2300 invested at 3% simple interest for three and a half years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: I need help with this problem: How much interest will you earn on $2300 invested at 3% simple interest for three and a half years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 816473: I need help with this problem: How much interest will you earn on $2300 invested at 3% simple interest for three and a half years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=2300*0.03*3.5
I=$241.50