Mathematics, 16.12.2020 09:20 spearjj
You deposit $500 in an account that earns simple interest. The difference between the total interest earned after 3 years and the total interest earned after 1 year is $30. What is the annual interest rate? please show formula as well
Answers: 3
p.a.
(
interest, 
principal, 
rate)
(finding the interest earnt in one year)
(finding the interest earnt in three years)
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You deposit $500 in an account that earns simple interest. The difference between the total interest...
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