Ask a New Question

Tony deposited $3000 into a savings account that pays him interest at a rate of 3%. How much interest will Tony earn in 5 years?

1 answer

I = PRT
I = 3000 * 0.03 * 5

Similar Questions

I need to see how this is answered.1. Lauren deposited $200 into her savings account with 1% interest rate compounded annually.
1. 7 answers
suppose you deposit $3000 in a savings account that pays interest in a a rate of 4%. if no money is added or withdrawn from the
1. 4 answers
Formulate a system of equations for the situation below and solve.Michael Perez deposited a total of $3000 with two savings
1. 1 answer
Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each year on her birthday,
1. 4 answers

more similar questions