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Felix deposited $1,340 into a savings account that earns 6% simple interest for 3 years. Find how much interest will he have earned.

Respuesta :

mh4851883

Answer:

542

Step-by-step explanation:

divide it I hope it helps

nicoleskater20

Answer:

241.20 dollars

Step-by-step explanation:

Use the equation I=prt, where I is the interest and p is the percentage of simple interest, which is 6% or 0.06. T is the rate of time in years. R is the amount Felix deposited. Our equation would be:

I=(0.06)(1340)(3)

I=(0.18)(1340)

I=$241.20

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