Jenny has $1200 in her savings account. If the bank pays 3% interest per year on savings, how much interest does she earn in 3 y

Question

2 years ago

14

ears

2 answers:

sergejj [24] · Answer 1 · 2022-06-23T04:05:23+03:00

8 0

Answer:

Jenny earns $36 in interest per year.

Step-by-step explanation:

1200/ 12 = 100

3% of 100 is 3.

3 x 12 = 36

never [62] · Answer 2 · 2022-06-23T06:04:28+03:00

never [62]2 years ago

7 0

Answer:$108

Step-by-step explanation:

principal(p)=$1200

Rate(r)=3%

Time(t)=3 years

simple interest=(p x r x t) ➗ 100

Simple interest=(1200x3x3) ➗ 100

Simple interest=10800 ➗ 100

Simple interest=108

Simple interest=$108