Shelia deposited 800 into an account that earned 3% simple interest. She did not make any other deposits or withdrawals. After 5 years, how much interest did Sheila earn?

Solución

Solución

Interest : 120

Pasos de solución

Translate the problem into an equation:

I = 800 \cdot 0.03 \cdot 5

Simplificar

I = 800 \cdot 0.03 \cdot 5

Interest : 120

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