coach cliff man made a deposit of $1,800 into an account that earns 2% annual simple interest. find the amount of the interest t hat coach cliff man earned after 3 years
2 answers:
Answer:
5508$
Step-by-step explanation:
So to find interest your formula is this:
Int=interest rate (percent)*principal
So your problem would be: int=.02*1800
This equals 36. Since its interest, you add your interest (36) and your principal (1800) and get 1836. Now, since you need to find the interest for 3 years, you multiply 1836 by 3. You get 5508! You welcome :)
Answer:
$5508
Step-by-step explanation:
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