Po = $9800, r = 0.02, t = 15yrs.
I = Po*r*t
Blanche invested $9800 in a savings account with a yearly interest rate of 2% for 15 years. How much simple interest did she earn?
3 answers
I=prt
I=9800*.02*15=$2,940
I=9800*.02*15=$2,940
294