pre algebra
Find the amount of simple interest earned in 3 years.
Principal: $460 Annual rate: 3.5%
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Answers
The amount of simple interest earned in 3 years is $327. The formula for simple interest is I = Prt, where P is the principal, r is the annual rate, and t is the time in years. Substituting the given values, we get I = 460*0.035*3 = 327.
