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Suppose you deposited $400 in a savings account 3 years ago. The simple interest rate is 3.3%. The
interest that you earned in those 3 years is $39.60. Which of the following is/are true?
1 = 3
r=3.3%
p = 400
t = 39.60





Help me please

Respuesta :

quasarJose

Answer:

Step-by-step explanation:

Given parameters:

 Principal  = $400

 Time  = 3years

 Interest rate  = 3.3%

  Interest  = $39.60

Now let us verify;

I = interest

r = rate

p  = principal

t  = time

 

i = 3             incorrect, interest is $39.60

r=3.3%          Correct, rate is 3.3%

p = 400         Correct, principal is 400

t = 39.60     Incorrect, time is 3years

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