Respuesta :
Answer:
Simple interest (SI) formula = Principle * Rate * Time
Rate = 3% / 100% =0.03 (change to decimal)
SI = 500*0.03*3 = 45
Simple interest = $45
Step-by-step explanation:
Answer:
Simple interest (SI) formula = Principle * Rate * Time
Rate = 3% / 100% =0.03 (change to decimal)
SI = 500*0.03*3 = 45
Simple interest = $45
Step-by-step explanation: