Amuel deposited $590 into a savings account that earns 4% simple interest for 3 years. find how much interest will he have earned.

Based on the amount deposited and the simple interest rate earned, the amount of interest earned will be $70.80.

Amuel deposited $590 into an account and this account earns 4% every year. This amount in dollars is:

= 590 x 4%

= $23.60

If he earned this amount every year, the amount he would earn in 3 years is:

= 23.60 x 3

= $70.80

In conclusion, Amuel would have made $70.80 in 3 years.

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