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Gabrielle has $65,255 in a savings account. The interest rate is 3% per year and is not
compounded. How much interest will she earn in 2 years?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.

Respuesta :

goodLizard

Answer:

Interest earned = [tex]\$3915.30[/tex]

Step-by-step explanation:

[tex]I=PRT[/tex] ([tex]I[/tex] = interest, [tex]P[/tex] = principal, [tex]T[/tex] = time)

[tex]I = 65255\times 0.03 \times2[/tex]

[tex]=\$3915.30[/tex]

∴ Gabrielle earns [tex]\$3915.30[/tex] in 2 years.

Hope this helps :)

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