itsyourhairglam itsyourhairglam
  • 26-04-2019
  • Mathematics
contestada

How much interest is earned on $2,700 in one year if it is invested at 3%?

$8.10
$81.00
$810.00

Respuesta :

absor201
absor201 absor201
  • 26-04-2019

Answer:

The correct option is b $81.00

Step-by-step explanation:

Interest earned can be found simply by multiplying the interest rate into the principal amount.

Our Interest rate is = 3%

and principal amount = $2,700

Interest earned = $2700 * 3/100

Interest earned =$ 81

So, the correct option is b $81.00.

Answer Link
johnsonlamar122 johnsonlamar122
  • 16-04-2021

Answer:

$ 81.00.

Step-by-step explanation:

Answer Link

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